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 development agreements governing land in a municipality's extraterritorial jurisdiction.), As Introduced
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.