Honorable Donna Campbell, Chair, Senate Committee on Veteran Affairs & Military Installations
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB1325 by Menéndez (Relating to grants to local governmental entities from the Texas Military Preparedness Commission.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend Government Code to authorize the commission to make grants to local government entities to construct certain types of affordable housing. Grants for affordable housing would be limited to the lesser of ten percent of the total construction cost of the project or $5 million. Additionally, the bill would increase the maximum grant allowed under the Defense Economic Adjustment Assistance Grant Program from $2 million to $5 million. This bill would take effect September 1, 2015.
All agencies indicate that any costs associated with implementation of the bill could be absorbed within existing resources.
Local Government Impact
The bill would increase the maximum grant allowed under the Defense Economic Adjustment Assistance Grant Program from $2 million to $5 million. There would be a positive fiscal impact to eligible local government entities that may receive increased funding as a result.
Source Agencies:
304 Comptroller of Public Accounts, 347 Public Finance Authority, 580 Water Development Board, 601 Department of Transportation