LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

May 18, 2009

TO:	Honorable Dennis Bonnen, Chair, House Committee on Land & Resource Management
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	SJR42 by Duncan (Proposing a constitutional amendment to prohibit the taking of property for transfer to a private entity for certain purposes.), As Engrossed

No significant fiscal implication to the State is anticipated, other than the cost of publication.

 The cost to the state for publication of the resolution is $90,882.

The resolution would propose a constitutional amendment to Article I of the Texas Constitution to specify that the term "public use" does not include the taking of property by the state or a political subdivision of the state for transfer to a private entity for the purpose of economic development or enhancement of tax revenues.

The proposed constitutional amendment would be submitted to the voters at an election to be held November 3, 2009.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

302 Office of the Attorney General

LBB Staff:

JOB, SD, KJG, JM