LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 31, 2021 TO: Honorable Jim Murphy, Chair, House Committee on Higher Education FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HJR5 by Thompson, Senfronia (Proposing a constitutional amendment authorizing the issuance of general obligation bonds and the dedication of bond proceeds to the Brain Institute of Texas research fund established to fund brain research in this state.), As Introduced No fiscal implication to the State is anticipated, other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation. The cost to the state for publication of the resolution is $178,333. The joint resolution would propose an amendment to Article III of the Texas Constitution to permit the issuance of general obligation bonds to provide funding for the Brain Institute of Texas and related research.Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or units of local government other than the cost of publication. Any fiscal impact would depend on the corresponding enabling legislation (HB 15).The cost to the state for publication of the resolution is $178,333.The proposed amendment would be submitted to voters at an election to be held November 2, 2021. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 347 Public Finance Authority LBB Staff: b > td > JMc, LBO, SD, BRI
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 31, 2021
TO: Honorable Jim Murphy, Chair, House Committee on Higher Education FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HJR5 by Thompson, Senfronia (Proposing a constitutional amendment authorizing the issuance of general obligation bonds and the dedication of bond proceeds to the Brain Institute of Texas research fund established to fund brain research in this state.), As Introduced
TO: Honorable Jim Murphy, Chair, House Committee on Higher Education
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HJR5 by Thompson, Senfronia (Proposing a constitutional amendment authorizing the issuance of general obligation bonds and the dedication of bond proceeds to the Brain Institute of Texas research fund established to fund brain research in this state.), As Introduced
Honorable Jim Murphy, Chair, House Committee on Higher Education
Honorable Jim Murphy, Chair, House Committee on Higher Education
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HJR5 by Thompson, Senfronia (Proposing a constitutional amendment authorizing the issuance of general obligation bonds and the dedication of bond proceeds to the Brain Institute of Texas research fund established to fund brain research in this state.), As Introduced
HJR5 by Thompson, Senfronia (Proposing a constitutional amendment authorizing the issuance of general obligation bonds and the dedication of bond proceeds to the Brain Institute of Texas research fund established to fund brain research in this state.), As Introduced
No fiscal implication to the State is anticipated, other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation. The cost to the state for publication of the resolution is $178,333.
No fiscal implication to the State is anticipated, other than the cost of publication. Any additional fiscal implication would be attributable to the corresponding enabling legislation. The cost to the state for publication of the resolution is $178,333.
The joint resolution would propose an amendment to Article III of the Texas Constitution to permit the issuance of general obligation bonds to provide funding for the Brain Institute of Texas and related research.Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or units of local government other than the cost of publication. Any fiscal impact would depend on the corresponding enabling legislation (HB 15).The cost to the state for publication of the resolution is $178,333.The proposed amendment would be submitted to voters at an election to be held November 2, 2021.
Adoption of the proposed constitutional amendment alone would have no fiscal impact on the state or units of local government other than the cost of publication. Any fiscal impact would depend on the corresponding enabling legislation (HB 15).
The cost to the state for publication of the resolution is $178,333.
The proposed amendment would be submitted to voters at an election to be held November 2, 2021.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 347 Public Finance Authority
304 Comptroller of Public Accounts, 347 Public Finance Authority
LBB Staff: b > td > JMc, LBO, SD, BRI
JMc, LBO, SD, BRI