Honorable Donna Campbell, Chair, Senate Committee on Veteran Affairs & Border Security
Ursula Parks, Director, Legislative Budget Board
SB1855 by Uresti (Relating to the authority of a defense base development authority to participate in a company or partnership organized to finance redevelopment projects.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Local Government Code allowing a defense base development authority to participate as a member or partner of a limited liability company or partnership for the purpose of financing projects that are designated as redevelopment projects.
The bill would take effect September 1, 2017.
Local Government Impact
According to Texas Municipal League, no significant fiscal impact is anticipated.