LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
 
May 7, 2023

TO:
Honorable Morgan Meyer, Chair, House Committee on Ways & Means
 
FROM:
Jerry McGinty, Director, Legislative Budget Board
 
IN RE:
SB1340 by Zaffirini (Relating to the local development agreement database maintained by the comptroller of public accounts.), As Engrossed


Estimated Two-year Net Impact to General Revenue Related Funds for SB1340, As Engrossed : a negative impact of ($1,152,000) through the biennium ending August 31, 2025.

The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.

General Revenue-Related Funds, Five- Year Impact:

Fiscal Year Probable Net Positive/(Negative) Impact to
General Revenue Related Funds
2024($1,152,000)
2025$0
2026$0
2027$0
2028$0

All Funds, Five-Year Impact:

Fiscal Year Probable (Cost) from
General Revenue Fund
1
2024($1,152,000)
2025$0
2026$0
2027$0
2028$0


Fiscal Analysis

The bill would amend Section 403 of the Government Code to include Tax Code Chapter 312 agreements in the Chapter 380 and 381 Agreement Database, renaming it the Local Development Agreements Database. It would require the Comptroller to create a consolidated searchable data tool to include Chapter 312, 380, and 381 agreements, and modify the requirements of the current database to include certain new data.

The bill would require taxing units that maintain an internet website, and that execute tax abatement agreements under Tax Code Chapter 312 to provide a direct link to the location of the agreement information published on the comptroller's website. 

Methodology

According to the Comptroller of Public Accounts, the agency would have a one-time technology cost for an estimated 7,680 software programming hours to modify, update, and combine the database as necessary to implement the provisions of the bill. The All Funds cost for the programming hours is estimated to be $1,152,000 for the 2024-25 biennium.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.


Source Agencies:
304 Comptroller of Public Accounts, 701 Texas Education Agency
LBB Staff:
JMc, KK, LCO, CSmi, MOc, NV