Honorable John Davis, Chair, House Committee on Economic & Small Business Development
John S O'Brien, Director, Legislative Budget Board
HB2457 by Davis, John (Relating to the amendment of Texas Enterprise Fund grant agreements.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code and require that at least 14 days before the date the Governor intends to amend a Texas Enterprise Fund grant agreement, the Governor shall notify and provide a copy of the proposed amendment to the Speaker of the House, Lieutenant Governor, and presiding officers of both houses of the legislature with primary jurisdiction over economic development. It is anticipated that any additional costs associated with implementation of the legislation could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.