Honorable Eddie Lucio, Jr., Chair, Senate Committee on International Relations & Trade
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
SB1035 by Hinojosa (Relating to the cities or counties that may create a cultural education facilities finance corporation.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend Vernon's Texas Civil Statutes to change the applicability of where a cultural education facilities finance corporation may exercise its authority. The proposed change in applicability would allow a corporation created by a city located in Fort Bend, Cameron, and Nueces counties or a corporation created by those counties to exercise its authority inside or outside the city or county limits, respectively.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.