Honorable Larry Phillips, Chair, House Committee On Transportation
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1290 by Phillips (Relating to the authority for local governments to jointly administer transportation reinvestment zones.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would amend Chapter 222 of the Transportation Code to authorize the governing bodies of two or more local governments that have designated a transportation reinvestment zone (TRZ) to enter into an agreement to jointly administer the TRZ and establish a joint tax increment account. A local government may designate a TRZ for a transportation project located outside the local government’s boundaries if certain criteria is met as defined by the provisions of the bill.
Based on the information provided by the Comptroller of Public Accounts and the Texas Department of Transportation, it is assumed the provisions of the bill would not result in a fiscal impact to the state.
Local Government Impact
There could be additional revenue for municipalities and counties to use toward state highway projects; however, the amounts would vary depending on whether a tax increment account is established, and the number and cost of highway projects.
Source Agencies:
304 Comptroller of Public Accounts, 601 Department of Transportation