LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 3, 2021 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1510 by Metcalf (Relating to the response and resilience of certain electricity service providers to major weather-related events or other natural disasters; granting authority to issue bonds.), As Engrossed No significant fiscal implication to the State is anticipated. It is assumed that the costs associated with the bill's provisions relating to the response and resilience of certain electricity service providers to major weather-related events or other natural disasters could be absorbed using existing resources.The bill creates the Texas Utility System Restoration Corporation and notes that the state shall not budget for or provide any general fund appropriations to the corporation. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel LBB Staff: b > td > JMc, SZ, MB, RRE, SMAT
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
May 3, 2021
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1510 by Metcalf (Relating to the response and resilience of certain electricity service providers to major weather-related events or other natural disasters; granting authority to issue bonds.), As Engrossed
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1510 by Metcalf (Relating to the response and resilience of certain electricity service providers to major weather-related events or other natural disasters; granting authority to issue bonds.), As Engrossed
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1510 by Metcalf (Relating to the response and resilience of certain electricity service providers to major weather-related events or other natural disasters; granting authority to issue bonds.), As Engrossed
HB1510 by Metcalf (Relating to the response and resilience of certain electricity service providers to major weather-related events or other natural disasters; granting authority to issue bonds.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
It is assumed that the costs associated with the bill's provisions relating to the response and resilience of certain electricity service providers to major weather-related events or other natural disasters could be absorbed using existing resources.The bill creates the Texas Utility System Restoration Corporation and notes that the state shall not budget for or provide any general fund appropriations to the corporation.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel
473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel
LBB Staff: b > td > JMc, SZ, MB, RRE, SMAT
JMc, SZ, MB, RRE, SMAT