Honorable Steve Ogden, Chair, Senate Committee on Infrastructure Development and Security
FROM:
John Keel, Director, Legislative Budget Board
IN RE:
SB485 by Barrientos (Relating to the use of exclusive development agreements by an intermunicipal commuter rail district.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would authorize an intermunicipal commuter rail district board to enter into an exclusive development agreement with a private entity. The board would be authorized to adopt rules governing the agreements. The bill would take effect immediately if it receives a two-thirds vote in each house; otherwise, it would take effect September 1, 2003.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.