Honorable Terry M. Wilson, Chair, House Committee on Higher Education
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB5092 by Tepper (relating to the operation and dissolution of the Lubbock Reese Redevelopment Authority and to agreements between Texas Tech University and the authority.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill expands the powers and responsibilities of the Lubbock Reese Redevelopment Authority to include support for national security-related and critical infrastructure research in collaboration with Texas Tech University. It is assumed any costs for Texas Tech University in implementing the bill would be absorbed within existing resources.
Local Government Impact
There could be an impact to the Lubbock Reese Redevelopment Authority associated with the expanded powers and responsibilities that would be authorized by the bill.