LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 76th Regular Session
May 9, 1999
TO: Honorable Steven Wolens, Chair, House Committee on State
Affairs
FROM: John Keel, Director, Legislative Budget Board
IN RE: SB456 by Madla (relating to facilitating and supporting
efforts of certain municipalities to promote economic
development by hosting the Pan American Games and the
Olympic Games; providing a penalty), Committee Report
2nd House, Substituted
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* No significant fiscal implication to the State is anticipated. *
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Fiscal Analysis
This bill would provide a method of state and local funding and
agreements in order to support the bids of municipalities with
populations over 850,000 to host the 2007 Pan American Games or the 2012
Olympic Games.
Methodology
The Pan American Games will occur in 2007, and the site selection will
not be determined until the summer of 2002. This means the site
selection could take place in fiscal 2002 or 2003. As such, most of the
fiscal impact from this bill would occur beyond the current fiscal 2000
to fiscal 2004 estimation window.
According to the United States Olympic Committee, San Antonio is the only
city in Texas to be considered for the Pan American Games. The only
other U.S. locations to be considered are North Carolina and south
Florida.
Local Government Impact
No significant fiscal implication to units of local government is
anticipated.
Source Agencies: 304 Comptroller of Public Accounts
LBB Staff: JK, BB, SM