LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
 
May 2, 2017

TO:
Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
SB320 by Nichols ( Relating to the creation of River Ranch Improvement District of Liberty County; providing authority to issue bonds; providing authority to impose assessments, fees, or taxes.), Committee Report 1st House, Substituted

No fiscal implication to the State is anticipated.

The bill would amend the Special District Local Laws Code establishing the River Ranch Improvement District of Liberty County. The district would have authority to engage in economic development activities. The district would have authority to impose assessments, an operation and maintenance tax and a contract tax. The district would have authority to issue bonds and other obligations, without an election.

The bill would take effect immediately if the bill receives a two-thirds vote in each house; otherwise, the bill would take effect September 1, 2017.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.


Source Agencies:
LBB Staff:
UP, JGA, GG, BM