LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 4, 2011 TO: Honorable Larry Taylor, Chair, House Committee on Elections FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition or increase of a tax or the issuance of bonds.), As Introduced No significant fiscal implication to the State is anticipated. The bill would require a proposition allowing the voters to approve the imposition or increase of a tax or the issuance of bonds to include the total dollar amount of the bonds that would be issued or the amount of the tax or tax rate increase for any projects to be supported by the bonds. The bill would take effect on September 1, 2011. It is anticipated that any costs associated with implementation of the legislation could be absorbed within existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:307 Secretary of State, 352 Bond Review Board LBB Staff: JOB, JT, MS, BTA, KKR, EP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 4, 2011
TO: Honorable Larry Taylor, Chair, House Committee on Elections FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition or increase of a tax or the issuance of bonds.), As Introduced
TO: Honorable Larry Taylor, Chair, House Committee on Elections
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition or increase of a tax or the issuance of bonds.), As Introduced
Honorable Larry Taylor, Chair, House Committee on Elections
Honorable Larry Taylor, Chair, House Committee on Elections
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition or increase of a tax or the issuance of bonds.), As Introduced
HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition or increase of a tax or the issuance of bonds.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require a proposition allowing the voters to approve the imposition or increase of a tax or the issuance of bonds to include the total dollar amount of the bonds that would be issued or the amount of the tax or tax rate increase for any projects to be supported by the bonds. The bill would take effect on September 1, 2011. It is anticipated that any costs associated with implementation of the legislation could be absorbed within existing resources.
The bill would require a proposition allowing the voters to approve the imposition or increase of a tax or the issuance of bonds to include the total dollar amount of the bonds that would be issued or the amount of the tax or tax rate increase for any projects to be supported by the bonds. The bill would take effect on September 1, 2011. It is anticipated that any costs associated with implementation of the legislation could be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 307 Secretary of State, 352 Bond Review Board
307 Secretary of State, 352 Bond Review Board
LBB Staff: JOB, JT, MS, BTA, KKR, EP
JOB, JT, MS, BTA, KKR, EP