LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 1, 2017 TO: Honorable Geanie W. Morrison, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2104 by Bell (Relating to the filing of a bond by a private high-speed rail operator with the Texas Department of Transportation.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Chapter 112 of the Transportation Code to require a private entity, prior to operation of high-speed rail service, to file a bond with the Texas Department of Transportation (TxDOT) in an amount to be determined by the Commission to be sufficient to restore real property used for the service to its original condition if the service ceases operation.Based on the information provided by TxDOT, it is assumed any costs or duties associated with implementing the provisions of the bill could absorbed within the agency's existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:601 Department of Transportation LBB Staff: UP, AG, TG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
May 1, 2017
TO: Honorable Geanie W. Morrison, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2104 by Bell (Relating to the filing of a bond by a private high-speed rail operator with the Texas Department of Transportation.), As Introduced
TO: Honorable Geanie W. Morrison, Chair, House Committee on Transportation
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2104 by Bell (Relating to the filing of a bond by a private high-speed rail operator with the Texas Department of Transportation.), As Introduced
Honorable Geanie W. Morrison, Chair, House Committee on Transportation
Honorable Geanie W. Morrison, Chair, House Committee on Transportation
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2104 by Bell (Relating to the filing of a bond by a private high-speed rail operator with the Texas Department of Transportation.), As Introduced
HB2104 by Bell (Relating to the filing of a bond by a private high-speed rail operator with the Texas Department of Transportation.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 112 of the Transportation Code to require a private entity, prior to operation of high-speed rail service, to file a bond with the Texas Department of Transportation (TxDOT) in an amount to be determined by the Commission to be sufficient to restore real property used for the service to its original condition if the service ceases operation.Based on the information provided by TxDOT, it is assumed any costs or duties associated with implementing the provisions of the bill could absorbed within the agency's existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 601 Department of Transportation
601 Department of Transportation
LBB Staff: UP, AG, TG
UP, AG, TG