LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                             February 5, 2001
  
  
          TO:  Honorable Rene Oliveira, Chair, House Committee on Ways &
               Means
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB612  by Maxey (Relating to the preparation and
               submission of certain reports by municipalities and the
               comptroller of public accounts under the Tax Increment
               Financing Act.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill would amend Chapter 311 of the Tax Code, relating to the Tax
Increment Financing Act.  The bill would require that the Comptroller's
Office maintain a central registry of reinvestment zones designated under
Chapter 311.  Further, the Comptroller and the Texas Department of
Economic Development would be allowed to provide assistance, on request,
to cities concerning reinvestment zones and Tax Increment Financing.

The Comptroller's Office currently maintains a central registry of
reinvestment zones designated under Chapter 312, Tax Code (Property
Redevelopment and Tax Abatement Act), and anticipates no additional
fiscal impact as a result of the bill.  The Department of Economic
Development currently provides similar technical assistance and also
anticipates no additional fiscal impact as a result of the bill.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   480   Department of Economic Development, 304
                   Comptroller of Public Accounts, 302   Office of the
                   Attorney General
LBB Staff:         JK, SD, WP, BR