TO: | Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | SB403 by Madla (Relating to the designation of enterprise zones and enterprise projects.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2004 | $27,000 |
2005 | $27,000 |
2006 | $27,000 |
2007 | $27,000 |
2008 | $27,000 |
Fiscal Year | Probable Revenue Gain/(Loss) fromGENERAL REVENUE FUND 1 |
---|---|
2004 | $27,000 |
2005 | $27,000 |
2006 | $27,000 |
2007 | $27,000 |
2008 | $27,000 |
The provisions of the bill would require the Texas Department of Economic Development to review and either deny, approve, or return an application creating an enterprise zone for deficiency within 60 days of receipt of the application. The provisions of the bill would also allow an increase in the fee for amending an enterprise zone boundary from $500 to $1,000 for each amendment. The bill would take effect September 1, 2003 and would only apply to applications submitted on or after that date.
Source Agencies: | 304 Comptroller Of Public Accounts, 480 Texas Department Of Economic Development
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LBB Staff: | JK, DLBa, RT, DE, KG
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