LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 29, 2009 TO: Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SJR25 by Harris (Proposing a constitutional amendment requiring certain revenue collected by a public entity from the use of a tolled highway project in this state to be used only for transportation projects.), As Introduced No significant fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $90,882. The resolution would propose a constitutional amendment to Article VIII of the Texas Constitution to specify that the revenue collected by a public entity from a tolled highway project that is not dedicated to the repayment of the project's debt may be used only for the acquisition, construction, operation, maintenance, or improvement of transportation projects. The proposed amendment would be submitted to voters at an election to be held November 3, 2009. Based on the analysis of the Comptroller of Public Accounts and the Texas Department of Transportation, it is assumed provisions of the proposed constitutional amendment would not result in a significant fiscal impact to the state. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 601 Department of Transportation LBB Staff: JOB, KJG, TG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 29, 2009
TO: Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SJR25 by Harris (Proposing a constitutional amendment requiring certain revenue collected by a public entity from the use of a tolled highway project in this state to be used only for transportation projects.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SJR25 by Harris (Proposing a constitutional amendment requiring certain revenue collected by a public entity from the use of a tolled highway project in this state to be used only for transportation projects.), 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
SJR25 by Harris (Proposing a constitutional amendment requiring certain revenue collected by a public entity from the use of a tolled highway project in this state to be used only for transportation projects.), As Introduced
SJR25 by Harris (Proposing a constitutional amendment requiring certain revenue collected by a public entity from the use of a tolled highway project in this state to be used only for transportation projects.), As Introduced
No significant fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $90,882.
No significant fiscal implication to the State is anticipated, other than the cost of publication. The cost to the state for publication of the resolution is $90,882.
The cost to the state for publication of the resolution is $90,882.
The resolution would propose a constitutional amendment to Article VIII of the Texas Constitution to specify that the revenue collected by a public entity from a tolled highway project that is not dedicated to the repayment of the project's debt may be used only for the acquisition, construction, operation, maintenance, or improvement of transportation projects. The proposed amendment would be submitted to voters at an election to be held November 3, 2009. Based on the analysis of the Comptroller of Public Accounts and the Texas Department of Transportation, it is assumed provisions of the proposed constitutional amendment would not result in a significant fiscal impact to the state.
The resolution would propose a constitutional amendment to Article VIII of the Texas Constitution to specify that the revenue collected by a public entity from a tolled highway project that is not dedicated to the repayment of the project's debt may be used only for the acquisition, construction, operation, maintenance, or improvement of transportation projects. The proposed amendment would be submitted to voters at an election to be held November 3, 2009.
Based on the analysis of the Comptroller of Public Accounts and the Texas Department of Transportation, it is assumed provisions of the proposed constitutional amendment would not result in a significant fiscal impact to the state.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 601 Department of Transportation
304 Comptroller of Public Accounts, 601 Department of Transportation
LBB Staff: JOB, KJG, TG
JOB, KJG, TG