Honorable Craig Estes, Chair, Senate Committee on Natural Resources & Economic Development
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB1748 by Hinojosa (Relating to use of tax revenue by certain development corporations for job-related skills training.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code relating to the use of tax revenue by certain development corporations. The bill would apply only to a corporation that is authorized by a municipality of 10,000 or more, and is located in a county that borders the Gulf of Mexico, Gulf Intracoastal Waterway, or the United Mexican States and in which four municipalities with a population of 70,000 or more are located.
The bill would take effect immediately if it receives a two-thirds vote in each house; otherwise, the bill would take effect September 1, 2017.
The Comptroller of Public Accounts has determined that the bill would have no fiscal impact to the State.
Local Government Impact
According to the cities of Edinburg and McAllen, no fiscal impact is anticipated.