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