LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session February 24, 2001 TO: Honorable Clyde Alexander, Chair, House Committee on Transportation FROM: John Keel, Director, Legislative Budget Board IN RE: HB1225 by Hamric (Relating to eligibility of a navigation district to create a local government transportation corporation.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** Local Government Impact The bill would allow a navigation district to create a local government transportation corporation to develop and promote public transportation systems. Initial start-up costs would be incurred consistent with the creation of corporations and operating costs would be established and incurred each subsequent year in accordance with duties and activities. The Grand Parkway Transportation Corporation in Houston, while not a local government entity, is an example of a transportation corporation and indicates that annual operational costs, including salaries for two executive staff and an administrative assistant, office space, consumables, and equipment total about $200,000. The corporation also incurs costs of consultants for various projects conducted. Costs for projects vary depending on the type of project and length of completion time. Source Agencies: 601 Texas Department of Transportation LBB Staff: JK, JO, MW