LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 24, 2011 TO: Honorable Joe Straus, Speaker of the House, House of Representatives 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, increase, or reduction of a tax or the issuance of bonds.), As Passed 2nd House No significant fiscal implication to the State is anticipated. The bill would require a proposition allowing the voters to approve the imposition, increase, or reduction of a tax or the issuance of bonds to include a description of and the total principal amount of the bonds that would be issued or the amount of the tax or tax rate increase or decrease. 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: LBB Staff: JOB, SD, KJG, JT, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 24, 2011
TO: Honorable Joe Straus, Speaker of the House, House of Representatives 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, increase, or reduction of a tax or the issuance of bonds.), As Passed 2nd House
TO: Honorable Joe Straus, Speaker of the House, House of Representatives
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, increase, or reduction of a tax or the issuance of bonds.), As Passed 2nd House
Honorable Joe Straus, Speaker of the House, House of Representatives
Honorable Joe Straus, Speaker of the House, House of Representatives
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, increase, or reduction of a tax or the issuance of bonds.), As Passed 2nd House
HB360 by Jackson, Jim (Relating to ballot language for a proposition to approve the imposition, increase, or reduction of a tax or the issuance of bonds.), As Passed 2nd House
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, increase, or reduction of a tax or the issuance of bonds to include a description of and the total principal amount of the bonds that would be issued or the amount of the tax or tax rate increase or decrease. 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:
LBB Staff: JOB, SD, KJG, JT, BTA
JOB, SD, KJG, JT, BTA