LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION
 
March 4, 2003

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



Estimated Two-year Net Impact to General Revenue Related Funds for SB403, As Introduced: a positive impact of $54,000 through the biennium ending August 31, 2005.



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) from
GENERAL REVENUE FUND
1
2004 $27,000
2005 $27,000
2006 $27,000
2007 $27,000
2008 $27,000

Fiscal Analysis

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.


Methodology

The Department of Economic Development does not anticipate any costs associated with the applicants submitting electronic maps for the department's review. The department indicates the increase in fees would generate $27,000 per fiscal year based on the history of 54 applicants annually at an increase of $500 per application.

Local Government Impact

No significant fiscal implication to most units of local government is anticipated.  Local government entities would be able to absorb the costs of the maps in electronic format and the $500 increase in application fees unless, as is the case in less populated areas, the government entity does not already have equipment and software for generating electronic maps.


Source Agencies:
304 Comptroller Of Public Accounts, 480 Texas Department Of Economic Development
LBB Staff:
JK, DLBa, RT, DE, KG