LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 16, 2015 TO: Honorable Troy Fraser, Chair, Senate Committee on Natural Resources & Economic Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB745 by Estes (Relating to the governance of certain municipal power agencies; providing authority to issue bonds.), As Introduced No significant fiscal implication to the State is anticipated. The bill would add a Subchapter to the Utilities Code relating to Municipal Power Agencies (MPA). The bill would add an alternative set of rules and regulations of which a MPA may be governed, if so chosen by the MPA. The bill permits a MPA to engage in wholesale transmission without restriction on the recipient. The bill would permit a MPA to issue public securities in order to finance electric facilities or improvements to facilities and to contract for the expenditure of proceeds from public securities. The bill outlines procedures for the dissolution of a MPA. The Office of Attorney General anticipates any legal work resulting from the passage of the bill could be reasonably absorbed within current resources.The Public Utility Counsel indicated the costs associated with implementing the provisions of the bill could be reasonably absorbed within current resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:302 Office of the Attorney General, 473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel LBB Staff: UP, SZ, SD, EK, JLi, TBo
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 16, 2015
TO: Honorable Troy Fraser, Chair, Senate Committee on Natural Resources & Economic Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB745 by Estes (Relating to the governance of certain municipal power agencies; providing authority to issue bonds.), As Introduced
TO: Honorable Troy Fraser, Chair, Senate Committee on Natural Resources & Economic Development
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB745 by Estes (Relating to the governance of certain municipal power agencies; providing authority to issue bonds.), As Introduced
Honorable Troy Fraser, Chair, Senate Committee on Natural Resources & Economic Development
Honorable Troy Fraser, Chair, Senate Committee on Natural Resources & Economic Development
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB745 by Estes (Relating to the governance of certain municipal power agencies; providing authority to issue bonds.), As Introduced
SB745 by Estes (Relating to the governance of certain municipal power agencies; providing authority to issue bonds.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would add a Subchapter to the Utilities Code relating to Municipal Power Agencies (MPA). The bill would add an alternative set of rules and regulations of which a MPA may be governed, if so chosen by the MPA. The bill permits a MPA to engage in wholesale transmission without restriction on the recipient. The bill would permit a MPA to issue public securities in order to finance electric facilities or improvements to facilities and to contract for the expenditure of proceeds from public securities. The bill outlines procedures for the dissolution of a MPA. The Office of Attorney General anticipates any legal work resulting from the passage of the bill could be reasonably absorbed within current resources.The Public Utility Counsel indicated the costs associated with implementing the provisions of the bill could be reasonably absorbed within current resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 302 Office of the Attorney General, 473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel
302 Office of the Attorney General, 473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel
LBB Staff: UP, SZ, SD, EK, JLi, TBo
UP, SZ, SD, EK, JLi, TBo