TO: | Honorable Robert Talton, Chair, House Committee on Urban Affairs |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB1606 by Thompson (Relating to the level of municipal participation in contracts with developers for public improvements.), As Introduced |
The bill would authorize that for a municipality with a population of 1.8 million or more, a contract with developers for public improvements may allow participation of the municipality at a level not to exceed 70 percent of the total contract price.
Under current statute, the maximum limit on the level at which any municipality may participate in such a contract is 30 percent of the total contract price. Existing statutory requirements would still apply to municipalities with a population of less than 1.8 million. According to the 2000 federal census, only the City of Houston has a population of more than 1.8 million; therefore, the bill would apply only to Houston.
Source Agencies: |
LBB Staff: | JOB, DLBa
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