LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 7, 2015 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB794 by Hancock (Relating to the authority of a political subdivision to issue debt to purchase or lease tangible personal property.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Government Code to prohibit a political subdivision from issuing a public security to purchase or lease tangible personal property if the expected life of the property ends before the maturity date of the public security. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:701 Central Education Agency LBB Staff: UP, KK, SD, EK, JBi, ED, CL
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 7, 2015
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB794 by Hancock (Relating to the authority of a political subdivision to issue debt to purchase or lease tangible personal property.), As Introduced
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB794 by Hancock (Relating to the authority of a political subdivision to issue debt to purchase or lease tangible personal property.), As Introduced
Honorable Jane Nelson, Chair, Senate Committee on Finance
Honorable Jane Nelson, Chair, Senate Committee on Finance
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB794 by Hancock (Relating to the authority of a political subdivision to issue debt to purchase or lease tangible personal property.), As Introduced
SB794 by Hancock (Relating to the authority of a political subdivision to issue debt to purchase or lease tangible personal property.), 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 a political subdivision from issuing a public security to purchase or lease tangible personal property if the expected life of the property ends before the maturity date of the public security.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 701 Central Education Agency
701 Central Education Agency
LBB Staff: UP, KK, SD, EK, JBi, ED, CL
UP, KK, SD, EK, JBi, ED, CL