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LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 17, 2021
TO:
Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB244 by Bettencourt (Relating to the application of the open meetings law to the board of directors of certain tax reinvestment zones.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Government Code Section 551.001 to include the board of directors of certain reinvestment zones created under Chapter 311 of the Tax Code as within the meaning of a governmental body subject to open meeting requirements.
The Comptroller's office indicates that there would be no administrative costs to the agency.
Local Government Impact
According to the Comptroller's office, the City of Houston and City of Galveston both have tax increment reinvestment zones created under Chapter 311 of the Tax Code and both cities determined that no fiscal implication is anticipated.