LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
 
April 2, 2009

TO:
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
 
FROM:
John S. O'Brien, Director, Legislative Budget Board
 
IN RE:
SB894 by Nelson (Relating to municipal investment of public funds received from the management and development of mineral rights.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend Chapter 2256, Government Code, to require a municipality to segregate and account separately from other funds municipal funds invested from the management and development of mineral rights.

Local Government Impact

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


Source Agencies:
LBB Staff:
JOB, DB