LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 13, 2015 TO: Honorable Larry Taylor, Chair, Senate Committee on Education FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1568 by Lucio (Relating to the issuance of interest-bearing time warrants by school districts.), As Introduced No fiscal implication to the State is anticipated. The bill would increase the maturity period for an interest-bearing time warrant issued by a school district from 15 to 20 years. The bill would increase the limit on the total amount of a district's outstanding time warrants from $1 million to $2 million. Local Government Impact School districts would have greater flexibility with regard to borrowing funds. Source Agencies:701 Central Education Agency LBB Staff: UP, JBi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 13, 2015
TO: Honorable Larry Taylor, Chair, Senate Committee on Education FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1568 by Lucio (Relating to the issuance of interest-bearing time warrants by school districts.), As Introduced
TO: Honorable Larry Taylor, Chair, Senate Committee on Education
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1568 by Lucio (Relating to the issuance of interest-bearing time warrants by school districts.), As Introduced
Honorable Larry Taylor, Chair, Senate Committee on Education
Honorable Larry Taylor, Chair, Senate Committee on Education
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1568 by Lucio (Relating to the issuance of interest-bearing time warrants by school districts.), As Introduced
SB1568 by Lucio (Relating to the issuance of interest-bearing time warrants by school districts.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would increase the maturity period for an interest-bearing time warrant issued by a school district from 15 to 20 years. The bill would increase the limit on the total amount of a district's outstanding time warrants from $1 million to $2 million.
Local Government Impact
School districts would have greater flexibility with regard to borrowing funds.
Source Agencies: 701 Central Education Agency
701 Central Education Agency
LBB Staff: UP, JBi
UP, JBi