LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

April 20, 2009

TO:	Honorable Mark Strama, Chair, House Committee on Technology, Economic Development & Workforce
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	HB1277 by Button ( Relating to use of money from the Texas Enterprise Fund to retain businesses that are considering relocating outside this state.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

The bill would amend the uses of the Texas Enterprise Fund to include incentives to retain businesses located in Texas that are considering relocating outside the state if the Texas unemployment rate is seven percent or more.  The bill would be effective September 1, 2009 and the changes in law made by this bill would be effective September 1, 2011.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

301 Office of the Governor

LBB Staff:

JOB, JRO, BTA