Honorable John Davis, Chair, House Committee on Economic & Small Business Development
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2531 by Davis, John (Relating to the use of money in the spaceport trust fund for programs related to the aerospace industry.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to allow money from the spaceport trust fund to be used for certain programs related to research conducted onboard the International Space Station. The bill would allow the Texas Economic Development and Tourism Office at the Trusteed Programs within the Office of the Governor to contract with a development corporation for spaceport facilities for the infrastructure development of a spaceport.
The Office of the Governor indicates the provisions of the bill could be implemented within existing resources.
The bill would take effect on September 1, 2013.
Local Government Impact
No fiscal implication to units of local government is anticipated.