Honorable Joe Deshotel, Chair, House Committee on Economic Development
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB3163 by Ortiz, Jr. (Relating to the proportional distribution of money from the Texas Enterprise Fund and the Texas emerging technology fund to different regions in this state.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill provides that grants from the Texas Enterprise Fund and the Emerging Technology Fund are proportionally distributed to different regions of the state based on population. The bill directs the expenditure of appropriated amounts, therefore no significant fiscal impact to the state is anticipated.
Local Government Impact
No fiscal implication to units of local government is anticipated.