LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session March 12, 2001 TO: Honorable Steven Wolens, Chair, House Committee on State Affairs FROM: John Keel, Director, Legislative Budget Board IN RE: HB670 by Wilson (Relating to a prohibition against naming a tax-supported public facility after a business entity.), As Introduced ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** Local Government Impact Making the assumption that tax-supported public facilities that already bear the name of a business entity, the Harris County Sports Authority estimates removing the name from Enron Field would cost approximately $500,000. In order to change the name of other applicable facilities in Harris County, the sports authority estimates an additional cost of $250,000. Still in the planning stages, and in which the county has an agreement with Reliant Energy, is a football stadium and a convention complex to be named after Reliant. The county anticipates a major revenue loss under the provisions of the bill. The City of Dallas is in the construction phase of a sports arena to be named the American Airlines Arena. American Airlines paid Dallas $6.5 million to name the facility after the business and for other forms of advertising. Dallas would lose $6.5 million for this one project under the provisions of the bill. Both cities indicated the provisions of the bill would result in the loss of large amounts of revenue, including the possibility of being unable to undertake some future projects. Source Agencies: 455 Railroad Commission of Texas, 601 Texas Department of Transportation, 303 General Services Commission, 781 Texas Higher Education Coordinating Board LBB Staff: JK, RB, GS, MF, DB