Honorable Angie Chen Button, Chair, House Committee on Urban Affairs
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB3732 by Thompson, Senfronia (Relating to the creation of an urban land bank by certain municipalities; granting authority to issue bonds.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to re-authorize certain municipalities to adopt a land bank program, specifies certain operational procedures for these programs, and includes the programs that would be authorized by the bill in an enumerated list of charitable functions. The bill would repeal the existing statute authorizing these programs.
Local Government Impact
According to the Texas Municipal League, no significant fiscal impact to cities is anticipated.