LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 16, 1997
         
         
      TO: Honorable Kenneth Armbrister, Chair            IN RE:  Senate Bill No. 658
          Committee on State Affairs                              By: Cain
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB658 ( Relating 
to the creation of county development districts in certain counties; 
authorizing the issuance of bonds and the imposition of ad valorem 
taxes by a county development district.) this office has detemined 
the following:
         
         Biennial Net Impact to General Revenue Funds by SB658-As Introduced
         
No fiscal implication to the State is anticipated.
         

         
 
The bill would allow county development districts to impose 
ad valorem taxes and issue bonds, notes, and other obligations. 
 If not contested within 30 days, an order creating a district 
would become final and non-appealable.  The bill would also 
provide for compensation to directors in addition to actual 
expenses incurred in performing their duties, allow for the 
creation of an office outside the county, and provide a means 
for dividing the district into two or more districts.

The 
bill would take effect immediately.
          
Any possible revenue gains to county development districts would 
depend on the number of districts electing to exercise their 
proposed taxing authority, either through action by the governing 
body or by election.  

As of this date, the Comptroller's 
Office has received documentation creating only one county development 
district in Kaufman County.
          
   Source:            Agencies:   304   Comptroller of Public Accounts
                                         
                      LBB Staff:   JK ,JD ,BR