LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 18, 2011 TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB246 by Shapiro (Relating to financial security required of regional tollway authorities in connection with the provision of toll collection services.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Transportation Code to prohibit a regional tollway authority from providing financial security for tolling services if providing the security would restrict the amount or increase the cost of bonds or debt obligations. The regional tollway authority would not be allowed to reimburse the cost of security. Local Government Impact It is assumed that a regional tollway authority would provide security services only if sufficient funds were available or there would be a positive fiscal impact; therefore, no significant fiscal impact is anticipated. The North Texas Tollway Authority reported there would be no fiscal impact associated with implementing the provisions of the bill. Source Agencies: LBB Staff: JOB, KJG, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 18, 2011
TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB246 by Shapiro (Relating to financial security required of regional tollway authorities in connection with the provision of toll collection services.), As Introduced
TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB246 by Shapiro (Relating to financial security required of regional tollway authorities in connection with the provision of toll collection services.), As Introduced
Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security
Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB246 by Shapiro (Relating to financial security required of regional tollway authorities in connection with the provision of toll collection services.), As Introduced
SB246 by Shapiro (Relating to financial security required of regional tollway authorities in connection with the provision of toll collection services.), 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 prohibit a regional tollway authority from providing financial security for tolling services if providing the security would restrict the amount or increase the cost of bonds or debt obligations. The regional tollway authority would not be allowed to reimburse the cost of security.
Local Government Impact
It is assumed that a regional tollway authority would provide security services only if sufficient funds were available or there would be a positive fiscal impact; therefore, no significant fiscal impact is anticipated. The North Texas Tollway Authority reported there would be no fiscal impact associated with implementing the provisions of the bill.
It is assumed that a regional tollway authority would provide security services only if sufficient funds were available or there would be a positive fiscal impact; therefore, no significant fiscal impact is anticipated.
The North Texas Tollway Authority reported there would be no fiscal impact associated with implementing the provisions of the bill.
Source Agencies:
LBB Staff: JOB, KJG, TP
JOB, KJG, TP