Honorable Tracy O. King, Chair, House Committee on Natural Resources
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB1160 by Taylor (Relating to the creation of the Gulf Coast Protection District;
providing authority to issue bonds; providing authority to impose
fees; providing authority to impose a tax; granting the power of
eminent domain.), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Special District Local Laws Code to create the Gulf Coast Protection District encompassing territory in Chambers, Galveston, Harris, Jefferson, and Orange Counties.
Local Government Impact
The extent of property acquisition and the bond obligations of the prospective district are unknown and consequently the fiscal implications for the protection district and the local taxing jurisdictions cannot be determined.
Source Agencies:
116 Sunset Advisory Commission, 304 Comptroller of Public Accounts