LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 10, 2013 TO: Honorable Dan Patrick, Chair, Senate Committee on Education FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB885 by Murphy (Relating to the guarantee of refinanced open-enrollment charter school bonds by the permanent school fund.), As Engrossed No fiscal implication to the State is anticipated. The bill would allow for refunding or refinanced bonds issued by an open-enrollment charter school to be guaranteed by the Permanent School Fund through the bond guarantee program, up to one-half of the total amount available for the guarantee of charter district bonds. Local Government Impact Open-enrollment charter schools refunding or refinancing bonds would be able to seek the bond guarantee for those bonds and could experience savings related to reduced interest costs. Source Agencies:701 Central Education Agency LBB Staff: UP, JBi, JSc
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 10, 2013
TO: Honorable Dan Patrick, Chair, Senate Committee on Education FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB885 by Murphy (Relating to the guarantee of refinanced open-enrollment charter school bonds by the permanent school fund.), As Engrossed
TO: Honorable Dan Patrick, Chair, Senate Committee on Education
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB885 by Murphy (Relating to the guarantee of refinanced open-enrollment charter school bonds by the permanent school fund.), As Engrossed
Honorable Dan Patrick, Chair, Senate Committee on Education
Honorable Dan Patrick, Chair, Senate Committee on Education
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB885 by Murphy (Relating to the guarantee of refinanced open-enrollment charter school bonds by the permanent school fund.), As Engrossed
HB885 by Murphy (Relating to the guarantee of refinanced open-enrollment charter school bonds by the permanent school fund.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would allow for refunding or refinanced bonds issued by an open-enrollment charter school to be guaranteed by the Permanent School Fund through the bond guarantee program, up to one-half of the total amount available for the guarantee of charter district bonds.
Local Government Impact
Open-enrollment charter schools refunding or refinancing bonds would be able to seek the bond guarantee for those bonds and could experience savings related to reduced interest costs.
Source Agencies: 701 Central Education Agency
701 Central Education Agency
LBB Staff: UP, JBi, JSc
UP, JBi, JSc