LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 11, 2017 TO: Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2912 by King, Phil (Relating to the creation of the New Fairview Municipal Utility District No. 1; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Special District Local Laws Code establishing the New Fairview Municipal Utility District No. 1. The district would have authority for road projects. The district would have authority to issue bonds, without an election. The district would have authority to impose operation and maintenance tax, and a contract tax. The district would not have authority to exercise the power of eminent domain.The bill would take effect September 1, 2017. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: UP, JGA, GG, BM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
April 11, 2017
TO: Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2912 by King, Phil (Relating to the creation of the New Fairview Municipal Utility District No. 1; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.), As Introduced
TO: Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2912 by King, Phil (Relating to the creation of the New Fairview Municipal Utility District No. 1; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.), As Introduced
Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts
Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2912 by King, Phil (Relating to the creation of the New Fairview Municipal Utility District No. 1; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.), As Introduced
HB2912 by King, Phil (Relating to the creation of the New Fairview Municipal Utility District No. 1; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Special District Local Laws Code establishing the New Fairview Municipal Utility District No. 1. The district would have authority for road projects. The district would have authority to issue bonds, without an election. The district would have authority to impose operation and maintenance tax, and a contract tax. The district would not have authority to exercise the power of eminent domain.The bill would take effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: UP, JGA, GG, BM
UP, JGA, GG, BM