Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1249 by Schaefer (Relating to authorizing certain general infrastructure projects to be undertaken by economic development corporations.), As Introduced
No fiscal implication to the State is anticipated.
The bill would expand the category of projects eligible for funding by the boards of directors of municipally-sponsored economic development corporations to include general infrastructure, limited to the development, improvement, maintenance, or expansion of streets and roads; water supply facilities; or sewage facilities.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.