LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session April 21, 1997 TO: Honorable Kenneth Armbrister, Chair IN RE: Senate Bill No. 658, Committee Report 1st House, Substituted 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 and dissolution 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-Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. 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: LBB Staff: JD ,BR