LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 6, 2015 TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2878 by Márquez (Relating to certain rental assistance projects financed by private activity bonds.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Government Code to permit the combining of more than one qualified residential rental project into a single project as part of a housing authority's participation in a program if certain qualifications are met. The bill would allow entities that issue residential rental bonds in the city of El Paso to aggregate several rental projects into fewer larger projects. The Bond Review Board estimates this could result in a one-time loss of revenue from lost Private Activity Bond application fees paid to the Bond Review Board by issuers of qualified residential rental project bonds. 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:304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs, 352 Bond Review Board LBB Staff: UP, KVe, SD, EK, LBe, JSm
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 6, 2015
TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2878 by Márquez (Relating to certain rental assistance projects financed by private activity bonds.), As Introduced
TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2878 by Márquez (Relating to certain rental assistance projects financed by private activity bonds.), As Introduced
Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2878 by Márquez (Relating to certain rental assistance projects financed by private activity bonds.), As Introduced
HB2878 by Márquez (Relating to certain rental assistance projects financed by private activity bonds.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to permit the combining of more than one qualified residential rental project into a single project as part of a housing authority's participation in a program if certain qualifications are met. The bill would allow entities that issue residential rental bonds in the city of El Paso to aggregate several rental projects into fewer larger projects. The Bond Review Board estimates this could result in a one-time loss of revenue from lost Private Activity Bond application fees paid to the Bond Review Board by issuers of qualified residential rental project bonds.
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: 304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs, 352 Bond Review Board
304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs, 352 Bond Review Board
LBB Staff: UP, KVe, SD, EK, LBe, JSm
UP, KVe, SD, EK, LBe, JSm