Honorable Joseph Pickett, Chair, House Committee on Defense & Veterans' Affairs
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
HB447 by Menendez (Relating to the powers of a defense base development authority.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to authorize a defense base development authority to charge for the use, lease, or sale of an open space, and for services including professional consultation or real estate development; support or participation in acquisition of venture capital; and any other services provided by the authority that are related to a project.
Local Government Impact
According to the Texas Municipal League (TML), there would be no fiscal impact to municipalities to implement the provisions of the bill.