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 1480  by Cain (Relating to the sharing of revenue
               among a municipality and other municipalities that
               jointly operate an airport in the territory of the
               municipality.), Committee Report 1st House, Substituted
  
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*  No significant fiscal implication to the State is anticipated.        *
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Local Government Impact
  
The bill could result in a reduction in revenue to a joint board of an
airport, if the constituent municipalities would agree to transfer a
portion of the board's revenue. This would result in a corresponding
increase in revenue to the municipality to which the revenue would be
transferred. The amount of revenue transferred would depend on the terms
agreed to by the constituent agencies of a joint board of an airport as
authorized by the bill.
  
  
Source Agencies:   
LBB Staff:         JK, TL