LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

March 13, 2009

TO:	Honorable Chris Harris, Chair, Senate Committee on Economic Development
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	SB500 by Shapiro (Relating to the powers, duties, and financing of cultural education facilities finance corporations.), As Introduced

No fiscal implication to the State is anticipated.

The bill would authorize various organizations to provide a cultural educational facility with financing for activities in which those entities are permitted to engage.

Local Government Impact

A cultural educational facility would experience a revenue gain that relates to the specific activities financed.

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

Source Agencies:

LBB Staff:

JOB, JRO, DB