LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 16, 2013 TO: Honorable Harold V. Dutton, Jr., Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2176 by Kolkhorst (Relating to procedures and requirements for the issuance of certificates of obligation.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Local Government Code to specify that except in a case of grave public necessity, the governing body that issues certificates may not authorize a certificate to pay a contractual obligation to be incurred if a bond proposition was submitted to voters during the preceding three years and failed to be approved. The bill would also provide requirements for notice of intention to issue certificates. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: UP, KKR, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
April 16, 2013
TO: Honorable Harold V. Dutton, Jr., Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2176 by Kolkhorst (Relating to procedures and requirements for the issuance of certificates of obligation.), As Introduced
TO: Honorable Harold V. Dutton, Jr., Chair, House Committee on Urban Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2176 by Kolkhorst (Relating to procedures and requirements for the issuance of certificates of obligation.), As Introduced
Honorable Harold V. Dutton, Jr., Chair, House Committee on Urban Affairs
Honorable Harold V. Dutton, Jr., Chair, House Committee on Urban Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2176 by Kolkhorst (Relating to procedures and requirements for the issuance of certificates of obligation.), As Introduced
HB2176 by Kolkhorst (Relating to procedures and requirements for the issuance of certificates of obligation.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to specify that except in a case of grave public necessity, the governing body that issues certificates may not authorize a certificate to pay a contractual obligation to be incurred if a bond proposition was submitted to voters during the preceding three years and failed to be approved. The bill would also provide requirements for notice of intention to issue certificates.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: UP, KKR, TP
UP, KKR, TP