TO:	Honorable David Dewhurst , Lieutenant Governor, Senate Honorable Tom Craddick, Speaker of the House, House of Representatives
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	SB771 by West, Royce (Relating to tax increment financing. ), Conference Committee Report

The bill would not create a district under the authority of Article XVI, Section 59, Texas Constitution, and the bill does not contain information pertinent to determining an impact on water development policy; therefore, no impact to the state's water development policy is anticipated.