LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session February 28, 2001 TO: Honorable David Swinford, Chair, House Committee on Agriculture & Livestock FROM: John Keel, Director, Legislative Budget Board IN RE: HB1880 by Swinford (Relating to the creation, operation, and administration of agricultural development districts and granting the power of eminent domain and the authority to issue bonds.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** Local Government Impact The Texas Farm Bureau was contacted to provide information on the local fiscal impact of the bill. An agricultural development district would be self-funded through assessments of members of the district, the sale of revenue bonds, proceeds from projects, grants, or donations. Initial expenses for the order creating the district would be incurred by the petitioners for the district. Election costs are the only other costs identified and would be negligible if the election were to be held in conjunction with a regularly scheduled general election. Election costs would be incurred by the county and would vary by county size. Although land within the agricultural development district would be exempt from school taxes, the district would make payments to the school district that would be equivalent to what would have been the tax amount. No significant fiscal implication to units of local government is anticipated. Source Agencies: 582 Texas Natural Resource Conservation Commission, 551 Texas Department of Agriculture LBB Staff: JK, CL, GS, DB