LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                                May 4, 2001
  
  
          TO:  Honorable Frank Madla, Chair, Senate Committee on
               Intergovernmental Relations
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB2628  by Wolens (Relating to the powers and rights of a
               cultural educational facilities finance corporation.),
               Committee Report 2nd House, Substituted
  
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*  No fiscal implication to the State is anticipated.                    *
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The bill would allow the authority of a corporation to be exercised
outside of the limits of the city or county that created the corporation
without the consent of that city or county if the city that created the
corporation is located in a county with a population of more than
400,000 or if the county that created the corporation has a population
of more than 400,000, unless the articles of incorporation or bylaws of
the corporation provided differently.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   
LBB Staff:         JK, DB