LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 7, 2015 TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3918 by Wray (Relating to private activity bonds.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Government Code to prohibit the use of bonds to finance the construction or operation of a electric railway or high speed rail. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:352 Bond Review Board, 601 Department of Transportation LBB Staff: UP, CL, SD, EK LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 7, 2015 TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3918 by Wray (Relating to private activity bonds.), As Introduced TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE: HB3918 by Wray (Relating to private activity bonds.), As Introduced Honorable Tan Parker, Chair, House Committee on Investments & Financial Services Honorable Tan Parker, Chair, House Committee on Investments & Financial Services Ursula Parks, Director, Legislative Budget Board Ursula Parks, Director, Legislative Budget Board HB3918 by Wray (Relating to private activity bonds.), As Introduced HB3918 by Wray (Relating to private activity bonds.), As Introduced No fiscal implication to the State is anticipated. No fiscal implication to the State is anticipated. The bill would amend the Government Code to prohibit the use of bonds to finance the construction or operation of a electric railway or high speed rail. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: 352 Bond Review Board, 601 Department of Transportation 352 Bond Review Board, 601 Department of Transportation LBB Staff: UP, CL, SD, EK UP, CL, SD, EK