Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB874 by West (relating to the authority of certain municipalities and local government corporations to use certain tax revenue for certain qualified projects and related infrastructure.), Committee Report 1st House, Substituted
The fiscal implications of the bill cannot be determined at this time. The fiscal impact would depend on the number and size of events covered under the bill.
This bill would amend the Government Code to include certain events as eligible for funding under the Major Events Reimbursement Program (MERP). The bill would also amend statute to add certain organizations to the list of site selection organizations. The bill would add a stipulation for this event that it could receive MERP funding if a portion of the event takes place in another state or country or if the event is held multiple times per year.
According to the Office of the Governor, the fiscal impact of the bill to the state cannot be determined without information from the event organizers' application. This includes the number of attendees and the duration of the event.
According to the Comptroller's Office the fiscal implications of the bill cannot be determined.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
300 Trusteed Programs Within the Office of the Governor, 304 Comptroller of Public Accounts