| TO: | Honorable Robert Talton, Chair, House Committee on Urban Affairs |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | HB2295 by Thompson (Relating to the level of municipal participation in contracts with developers for public improvements.), As Introduced |
The bill would amend the Local Government Code to change from 30 percent to 70 percent the level of participation by a municipality not to be exceeded when a municipality enters into a contract with a developer of a subdivision or land to construct public improvements. The bill would take effect immediately if it receives a two-thirds vote in each house; otherwise, it would take effect September 1, 2003.
Municipal input regarding the fiscal implications indicated that the fiscal impact would vary, depending on the number, cost, and type of improvements in which the municipality chooses to participate.
| Source Agencies: | |
| LBB Staff: | JK, DLBa
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