Honorable Anna Mowery, Chair, House Committee on Land & Resource Management
FROM:
John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:
HB3461 by Baxter (Relating to the manner in which a municipality may impose a moratorium on commercial property development.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend Subsection 212, Local Government Code, to include in procedures for imposing a moratorium on property development the imposition of those procedures on a moratorium on commercial property development. Under current statute, those procedures apply only to a moratorium on residential property development. The bill would take effect September 1, 2005 and would apply only to a moratorium adopted after that date.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.