LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 15, 2013 TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1794 by Watson (Relating to a transportation revolving fund for certain metropolitan planning organizations.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Chapter 472 of the Transportation Code to establish a Transportation Revolving Fund for a metropolitan planning organization (MPO) with a planning jurisdiction of at least five counties, the largest of which has authorized a regional mobility authority under Chapter 370. Based on the applicability criteria, the provisions would apply to the Capitol Area Metropolitan Planning Organization (CAMPO). CAMPO would be authorized to establish a revolving fund held in a banking institution that may be funded with state and federal transportation money, local contributions, or other revenue of the MPO. Money in the revolving fund could be loaned or granted to cities, counties, the State of Texas, regional mobility authorities, rail districts, or metropolitan transit authorities, within the MPO's planning jurisdiction to pay expenses of approved transportation projects; or could be invested in accordance with Chapter 2256 of the Government Code. The Texas Department of Transportation (TxDOT) indicated no significant fiscal impact on the department or on the operations of TxDOT is anticipated. Local Government Impact Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House/Senate as to its probable fiscal implication on units of local government. Source Agencies:601 Department of Transportation LBB Staff: UP, AG, TP, TG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
April 15, 2013
TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1794 by Watson (Relating to a transportation revolving fund for certain metropolitan planning organizations.), As Introduced
TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1794 by Watson (Relating to a transportation revolving fund for certain metropolitan planning organizations.), As Introduced
Honorable Robert Nichols, Chair, Senate Committee on Transportation
Honorable Robert Nichols, Chair, Senate Committee on Transportation
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1794 by Watson (Relating to a transportation revolving fund for certain metropolitan planning organizations.), As Introduced
SB1794 by Watson (Relating to a transportation revolving fund for certain metropolitan planning organizations.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 472 of the Transportation Code to establish a Transportation Revolving Fund for a metropolitan planning organization (MPO) with a planning jurisdiction of at least five counties, the largest of which has authorized a regional mobility authority under Chapter 370. Based on the applicability criteria, the provisions would apply to the Capitol Area Metropolitan Planning Organization (CAMPO). CAMPO would be authorized to establish a revolving fund held in a banking institution that may be funded with state and federal transportation money, local contributions, or other revenue of the MPO. Money in the revolving fund could be loaned or granted to cities, counties, the State of Texas, regional mobility authorities, rail districts, or metropolitan transit authorities, within the MPO's planning jurisdiction to pay expenses of approved transportation projects; or could be invested in accordance with Chapter 2256 of the Government Code. The Texas Department of Transportation (TxDOT) indicated no significant fiscal impact on the department or on the operations of TxDOT is anticipated.
Local Government Impact
Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House/Senate as to its probable fiscal implication on units of local government.
Source Agencies: 601 Department of Transportation
601 Department of Transportation
LBB Staff: UP, AG, TP, TG
UP, AG, TP, TG