LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 8, 1999
  
  
          TO:  Honorable Frank Madla, Chair, Senate Committee on
               Intergovernmental Relations
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB 918  by Wentworth (Relating to municipalities eligible
               to create certain economic development corporations.),
               Committee Report 1st House, Substituted
  
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*  No significant fiscal implication to the State is anticipated.        *
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Fiscal Analysis

The bill would allow any municipality located in Harris, Dallas, Bexar,
and Tarrant Counties to form development corporations under the
Development Corporation Act of 1979. The bill also would provide for the
continuation of certain eligibility criteria that would otherwise be
repealed on September 1, 1999.
  
Local Government Impact
  
A local governments could experience a reduction in taxable property
value. The loss in property tax revenues would depend on which
municipalities that would become eligible to create development
corporations under the Development Corporation Act of 1979 would
actually choose to enact the provisions of the bill and convert taxable
property to exempt public-use property under Section 4B of the Act.
  
  
Source Agencies:   
LBB Staff:         JK, TL, BR, SM