TO: | Honorable Mark Strama, Chair, House Committee on Technology, Economic Development & Workforce |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB271 by Ortiz, Jr. (Relating to the designation of enterprise projects during a biennium.), As Introduced |
The bill would increase the maximum number of enterprise projects the Texas Economic Development Bank may designate for a nominating body of a municipality or county based on population.
The proposed change in statute would not affect the amount of funds available in the Texas Economic Development Bank; therefore, there would be no fiscal implications to the state beyond additional administrative activities by the Office of the Governor in determining which projects to fund and in what amounts. Any costs associated with administrative activities could be absorbed within existing resources.
Source Agencies: | 301 Office of the Governor, 304 Comptroller of Public Accounts
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LBB Staff: | JOB, JRO, DB, BTA, TP
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