LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 15, 2013 TO: Honorable Larry Phillips, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3649 by Harper-Brown (Relating to approval required for modifications to certain toll projects and related contracts.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Section 228.013 of the Transportation Code relating to the responsibilities of a committee required to determine the distribution of financial risk, method of financing, and the tolling structure and methodology for certain toll projects in which a private entity has a financial interest in the project's performance. The bill would prohibit the Texas Department of Transportation (TxDOT) from substantially modifying the scope, terms, or contract schedules determined by the committee for certain toll projects without committee approval of the proposed modification. TxDOT indicates that additional procurement time could result from TxDOT obtaining necessary approval from the committee before initiating any major changes to the scope, terms, or contract schedules of certain toll projects. It is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:601 Department of Transportation LBB Staff: UP, AG, MW, TG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
April 15, 2013
TO: Honorable Larry Phillips, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3649 by Harper-Brown (Relating to approval required for modifications to certain toll projects and related contracts.), As Introduced
TO: Honorable Larry Phillips, Chair, House Committee on Transportation
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3649 by Harper-Brown (Relating to approval required for modifications to certain toll projects and related contracts.), As Introduced
Honorable Larry Phillips, Chair, House Committee on Transportation
Honorable Larry Phillips, Chair, House Committee on Transportation
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3649 by Harper-Brown (Relating to approval required for modifications to certain toll projects and related contracts.), As Introduced
HB3649 by Harper-Brown (Relating to approval required for modifications to certain toll projects and related contracts.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Section 228.013 of the Transportation Code relating to the responsibilities of a committee required to determine the distribution of financial risk, method of financing, and the tolling structure and methodology for certain toll projects in which a private entity has a financial interest in the project's performance. The bill would prohibit the Texas Department of Transportation (TxDOT) from substantially modifying the scope, terms, or contract schedules determined by the committee for certain toll projects without committee approval of the proposed modification. TxDOT indicates that additional procurement time could result from TxDOT obtaining necessary approval from the committee before initiating any major changes to the scope, terms, or contract schedules of certain toll projects. It is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
The bill would amend Section 228.013 of the Transportation Code relating to the responsibilities of a committee required to determine the distribution of financial risk, method of financing, and the tolling structure and methodology for certain toll projects in which a private entity has a financial interest in the project's performance. The bill would prohibit the Texas Department of Transportation (TxDOT) from substantially modifying the scope, terms, or contract schedules determined by the committee for certain toll projects without committee approval of the proposed modification.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 601 Department of Transportation
601 Department of Transportation
LBB Staff: UP, AG, MW, TG
UP, AG, MW, TG