LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION February 25, 2013 TO: Honorable Juan Hinojosa, Chair, Senate Committee On Intergovernmental Relations FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB385 by Carona (Relating to authorizing assessments for water and energy improvements in districts designated by municipalities and counties.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Local Government Code to authorize municipalities and counties to establish water and energy improvement districts and create a program for financing assessments. The bill would specify requirements related to the designation of a district; procedures for establishment of a program; and contractual and financing assessments. The bill would authorize a local government to issue bonds or notes to finance qualified projects through contractual assessments as defined by the provisions of the bill. Local Government Impact There could be a fiscal impact to a municipality or a county that chose to establish a program and enter into a contract with property owners for an assessment. The Texas Municipal League reported that cities currently have additional authority to implement water and energy improvement districts; therefore, no significant fiscal impact is anticipated. The Texas Association of Counties reported no significant fiscal impact to counties is anticipated. Source Agencies: LBB Staff: UP, KKR, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
February 25, 2013
TO: Honorable Juan Hinojosa, Chair, Senate Committee On Intergovernmental Relations FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB385 by Carona (Relating to authorizing assessments for water and energy improvements in districts designated by municipalities and counties.), As Introduced
TO: Honorable Juan Hinojosa, Chair, Senate Committee On Intergovernmental Relations
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB385 by Carona (Relating to authorizing assessments for water and energy improvements in districts designated by municipalities and counties.), As Introduced
Honorable Juan Hinojosa, Chair, Senate Committee On Intergovernmental Relations
Honorable Juan Hinojosa, Chair, Senate Committee On Intergovernmental Relations
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB385 by Carona (Relating to authorizing assessments for water and energy improvements in districts designated by municipalities and counties.), As Introduced
SB385 by Carona (Relating to authorizing assessments for water and energy improvements in districts designated by municipalities and counties.), 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 authorize municipalities and counties to establish water and energy improvement districts and create a program for financing assessments. The bill would specify requirements related to the designation of a district; procedures for establishment of a program; and contractual and financing assessments. The bill would authorize a local government to issue bonds or notes to finance qualified projects through contractual assessments as defined by the provisions of the bill.
Local Government Impact
There could be a fiscal impact to a municipality or a county that chose to establish a program and enter into a contract with property owners for an assessment. The Texas Municipal League reported that cities currently have additional authority to implement water and energy improvement districts; therefore, no significant fiscal impact is anticipated. The Texas Association of Counties reported no significant fiscal impact to counties is anticipated.
Source Agencies:
LBB Staff: UP, KKR, TP
UP, KKR, TP