Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB4282 by Bell ( Relating to the powers, duties, and governance of the Westwood Magnolia Parkway Improvement District; authorizing assessments.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would amend Chapter 323, Acts of the 78th Legislature, Regular Session, 2003 relating to the Westwood Magnolia Parkway Improvement District. The district would have authority to impose assessments. The district would have authority to engage in economic development activities.
The bill would repeal Section 4, 10(b), 11, 15, 16, 19, and 23 of Chapter 323, Acts of the 78th Legislature, Regular Session, 2003.
The bill would take effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.