Honorable Rafael Anchia, Chair, House Committee on International Relations & Economic Development
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB1221 by Patterson (Relating to authorizing certain projects to be undertaken by economic development corporations.), As Introduced
No significant fiscal implication to the State is anticipated.
This bill would amend the Local Government Code to authorize Development Corporations to undertake certain general infrastructure and public safety projects. It would require voter approval for certain projects and specifies certain ballot language.
Local Government Impact
According to Jasper and Smith counties, no fiscal impact from the bill is anticipated.
According to Coryell County, the bill is anticipated to have a minimal fiscal impact.