LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

May 14, 2003

TO:	Honorable Robert Talton, Chair, House Committee on Urban Affairs
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	SB1903 by Fraser (Relating to the creation and authority of municipal development districts.), As Engrossed

No fiscal implication to the State is anticipated.

The bill would expand applicability of Section 377, Local Government Code, Municipal Development Districts, to include all municipalities and a municipality's extraterritorial jurisdiction (ETJ). The bill would take effect September 1, 2003.

Current statute applies only to a municipality located in more than one county and does not address the ETJ.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

LBB Staff:

JK, DLBa