LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 20, 2015 TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3958 by Workman (Relating to limitations on the use of municipal electric system revenues by certain municipalities.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Utilities Code to require certain municipalities to use revenues from a electric system for the sole purposes of paying the direct costs of operating the system and transferring sums of up to 12% of the amount of the annual sales revenue of the system to the municipality. The bill would prohibit an applicable municipality from spending, diverting or allocating revenues from a utility for any purpose not authorized by the provisions of the bill. The bill would require certain municipalities to establish and maintain system of accounts, books and financial reports for the municipal electric system separate from the accounts of the municipality and other utilities, departments and agencies. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: UP, KVe, SD, EK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 20, 2015
TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3958 by Workman (Relating to limitations on the use of municipal electric system revenues by certain municipalities.), As Introduced
TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3958 by Workman (Relating to limitations on the use of municipal electric system revenues by certain municipalities.), 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
HB3958 by Workman (Relating to limitations on the use of municipal electric system revenues by certain municipalities.), As Introduced
HB3958 by Workman (Relating to limitations on the use of municipal electric system revenues by certain municipalities.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Utilities Code to require certain municipalities to use revenues from a electric system for the sole purposes of paying the direct costs of operating the system and transferring sums of up to 12% of the amount of the annual sales revenue of the system to the municipality. The bill would prohibit an applicable municipality from spending, diverting or allocating revenues from a utility for any purpose not authorized by the provisions of the bill. The bill would require certain municipalities to establish and maintain system of accounts, books and financial reports for the municipal electric system separate from the accounts of the municipality and other utilities, departments and agencies.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: UP, KVe, SD, EK
UP, KVe, SD, EK