Honorable John Carona, Chair, Senate Committee on S/C on Emerging Technologies & Economic Dev.
FROM:
John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:
HJR80 by Krusee (Proposing a constitutional amendment clarifying that certain economic development programs do not constitute a debt.), As Engrossed
No significant fiscal implication to the State is anticipated, other than the cost of publication.
The cost to the state for publication of the resolution is $66,497.
HJR 80 amends Section 52-a, Article III of the Texas Constitution to clarify that programs, loans, or grants made for the purposes of economic development or the development or expansion of transportation or commerce do not constitute debt for any purpose of any constitutional provision or other law that prohibits a political subdivision from incurring debt.
Local Government Impact
No fiscal implication to units of local government is anticipated.