LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 5, 2009 TO: Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB883 by Carona (Relating to the use of the state highway fund to participate in the costs associated with a toll facility of a public or private entity.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Transportation Code to specify that the Texas Department of Transportation (TxDOT) may not pledge or encumber money in the State Highway Fund to guarantee a loan obtained by a public or private entity for costs associated with a toll facility of the public or private entity; or insure bonds issued by a public or private entity for costs associated with a toll facility of the public or private entity. The provisions of the bill would only apply to an agreement entered into on or after the effective date of the bill. The bill would take effect immediately upon receiving a vote of two-thirds of all members elected to each house or otherwise on September 1, 2009. Based on the analysis of TxDOT, it is assumed the provisions of the bill would not result in fiscal implications to the state. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:601 Department of Transportation LBB Staff: JOB, KJG, TG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 5, 2009
TO: Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB883 by Carona (Relating to the use of the state highway fund to participate in the costs associated with a toll facility of a public or private entity.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB883 by Carona (Relating to the use of the state highway fund to participate in the costs associated with a toll facility of a public or private entity.), As Introduced
Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security
Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB883 by Carona (Relating to the use of the state highway fund to participate in the costs associated with a toll facility of a public or private entity.), As Introduced
SB883 by Carona (Relating to the use of the state highway fund to participate in the costs associated with a toll facility of a public or private entity.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Transportation Code to specify that the Texas Department of Transportation (TxDOT) may not pledge or encumber money in the State Highway Fund to guarantee a loan obtained by a public or private entity for costs associated with a toll facility of the public or private entity; or insure bonds issued by a public or private entity for costs associated with a toll facility of the public or private entity. The provisions of the bill would only apply to an agreement entered into on or after the effective date of the bill. The bill would take effect immediately upon receiving a vote of two-thirds of all members elected to each house or otherwise on September 1, 2009. Based on the analysis of TxDOT, it is assumed the provisions of the bill would not result in fiscal implications to the state.
The bill would amend the Transportation Code to specify that the Texas Department of Transportation (TxDOT) may not pledge or encumber money in the State Highway Fund to guarantee a loan obtained by a public or private entity for costs associated with a toll facility of the public or private entity; or insure bonds issued by a public or private entity for costs associated with a toll facility of the public or private entity. The provisions of the bill would only apply to an agreement entered into on or after the effective date of the bill. The bill would take effect immediately upon receiving a vote of two-thirds of all members elected to each house or otherwise on September 1, 2009.
Based on the analysis of TxDOT, it is assumed the provisions of the bill would not result in fiscal implications to the state.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 601 Department of Transportation
601 Department of Transportation
LBB Staff: JOB, KJG, TG
JOB, KJG, TG