Honorable Wayne Smith, Chair, House Committee on County Affairs
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB3706 by Laubenberg (Relating to county development district programs to promote tourism.), As Introduced
No fiscal implication to the State is anticipated.
The bill would add Section 383.067 to Subchapter D of Chapter 383, Local Government Code, to authorize a county development district to establish and administer a program to promote tourism. The district would be authorized to use taxes collected under Subchapter F (sales and use tax) for a program created under Section 383.067 or to make a loan or grant for a public purpose under Section 52-a, Article III, Texas Constitution (economic development).
Local Government Impact
The bill provides for funding mechanisms of programs, which would therefore offset costs of implementing a program. In addition, it is anticipated that the programs would result in increased tourism, which would improve the economy within the district; therefore, the fiscal impact would vary based on the success of a program.