Honorable Rene Oliveira, Chair, House Committee on Land & Resource Management
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
HB1643 by Zerwas (Relating to the duration of a development agreement governing land in the extraterritorial jurisdiction of certain municipalities.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to remove the time limitation of 15 years on a development agreement between the governing body of a municipality and the owner of land that is located in the extraterritorial jurisdiction of the municipality.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.