LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 15, 2013 TO: Honorable John Davis, Chair, House Committee On Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2051 by Villalba (Relating to the authority of public institutions of higher education to make certain investments to support technology commercialization.), As Introduced No significant fiscal implication to the State is anticipated. The bill amends the Education Code as it relates to the authority of governing boards of public institutions of higher education to enter in to agreements to make certain investments to support technology commercialization at the institutions by specifying that convertible notes are an acceptable asset a governing board could accept. Provisions of the bill could be implemented with existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration LBB Staff: UP, RB, SK, GO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 15, 2013
TO: Honorable John Davis, Chair, House Committee On Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2051 by Villalba (Relating to the authority of public institutions of higher education to make certain investments to support technology commercialization.), As Introduced
TO: Honorable John Davis, Chair, House Committee On Economic & Small Business Development
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2051 by Villalba (Relating to the authority of public institutions of higher education to make certain investments to support technology commercialization.), As Introduced
Honorable John Davis, Chair, House Committee On Economic & Small Business Development
Honorable John Davis, Chair, House Committee On Economic & Small Business Development
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2051 by Villalba (Relating to the authority of public institutions of higher education to make certain investments to support technology commercialization.), As Introduced
HB2051 by Villalba (Relating to the authority of public institutions of higher education to make certain investments to support technology commercialization.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill amends the Education Code as it relates to the authority of governing boards of public institutions of higher education to enter in to agreements to make certain investments to support technology commercialization at the institutions by specifying that convertible notes are an acceptable asset a governing board could accept. Provisions of the bill could be implemented with existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration
304 Comptroller of Public Accounts, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration
LBB Staff: UP, RB, SK, GO
UP, RB, SK, GO