Honorable Joe Straus, Speaker of the House, House of Representatives
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2473 by Deshotel (Relating to use of sales and use tax proceeds by economic development corporations in connection with housing facilities for certain institutions of higher education.), As Passed 2nd House
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to allow an economic development corporation to spend tax proceeds received for expenditures that are for the development or construction of housing facilities on or adjacent to the campus of a public state college.
Local Government Impact
No fiscal implication to units of local government is anticipated.