LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 29, 1997
         
         
      TO: Honorable David Counts, Chair            IN RE:  Senate Bill No. 26, As Engrossed
          Committee on Natural Resources                              By: Galloway,Michael
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB26 ( Relating 
to the Town Center Improvement District of Montgomery County, 
Texas; authorizing and granting the authority to issue bonds.) 
this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by SB26-As Engrossed
         
No fiscal implication to the State is anticipated.
         

         
 
          
The Town Center Improvement District of Montgomery County could 
experience increased revenues, if the district imposed a hotel 
occupancy tax of up to seven percent, as the bill would authorize. 


This bill could increase costs to a municipality seeking 
to annex the Town Center Improvement District of Montgomery 
County, since such a municipality would be required to reimburse 
the district in the amount of sales taxes the district could 
no longer collect after annexation, until outstanding bonds 
backed by the district sales tax were retired.     
          
   Source:            Agencies:   582   Natural Resources Conservation Commission
                                         304   Comptroller of Public Accounts
                                         
                      LBB Staff:   JK ,BB ,TL