LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 12, 2015 TO: Honorable Joseph Pickett, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1511 by Hancock (Relating to the establishment and governance of certain regional transportation authorities.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend the Transportation and Tax Codes to amend the population brackets in certain Subchapters and modify the governance of certain regional transportation authorities. The bill would grant title to all real estate to an authority, either partially or fully owned by the authority and located within a municipality with a population of 10,000 or less, if that municipality withdraws from the authority by election. The bill provides criteria for determining the total financial obligations of the withdrawn entity to the authority applicable to an election to withdraw on or before September 1, 2015 and expires August 31, 2016. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, AG, SD, EK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 12, 2015
TO: Honorable Joseph Pickett, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1511 by Hancock (Relating to the establishment and governance of certain regional transportation authorities.), As Engrossed
TO: Honorable Joseph Pickett, Chair, House Committee on Transportation
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1511 by Hancock (Relating to the establishment and governance of certain regional transportation authorities.), As Engrossed
Honorable Joseph Pickett, Chair, House Committee on Transportation
Honorable Joseph Pickett, Chair, House Committee on Transportation
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1511 by Hancock (Relating to the establishment and governance of certain regional transportation authorities.), As Engrossed
SB1511 by Hancock (Relating to the establishment and governance of certain regional transportation authorities.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Transportation and Tax Codes to amend the population brackets in certain Subchapters and modify the governance of certain regional transportation authorities. The bill would grant title to all real estate to an authority, either partially or fully owned by the authority and located within a municipality with a population of 10,000 or less, if that municipality withdraws from the authority by election. The bill provides criteria for determining the total financial obligations of the withdrawn entity to the authority applicable to an election to withdraw on or before September 1, 2015 and expires August 31, 2016.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, AG, SD, EK
UP, AG, SD, EK