LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 5, 2021 TO: Honorable Brandon Creighton, Chair, Senate Committee on Higher Education FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1701 by Creighton (Relating to certain bonds issued by public institutions of higher education in this state to acquire, purchase, construct, improve, renovate, enlarge, or equip the property, buildings, structures, or facilities of or the related infrastructure for those institutions.), As Introduced No significant fiscal implication to the State is anticipated. Under provisions of the bill, any bonds issued under Education Code 55.13(a) would be designated "Capital Improvement Bonds". Institutions of Higher Education indicate that any costs associated with the bill could be absorbed within current resources. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 352 Bond Review Board, 710 Texas A&M Univ System Admin, 720 UT Sys Admin, 758 Texas State University System, 768 Texas Tech Univ Sys Admin, 781 Higher Education Coordinating Board, 783 Univ of Houston Sys Admin LBB Staff: b > td > JMc, LBO, JSM, GO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 5, 2021
TO: Honorable Brandon Creighton, Chair, Senate Committee on Higher Education FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1701 by Creighton (Relating to certain bonds issued by public institutions of higher education in this state to acquire, purchase, construct, improve, renovate, enlarge, or equip the property, buildings, structures, or facilities of or the related infrastructure for those institutions.), As Introduced
TO: Honorable Brandon Creighton, Chair, Senate Committee on Higher Education
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1701 by Creighton (Relating to certain bonds issued by public institutions of higher education in this state to acquire, purchase, construct, improve, renovate, enlarge, or equip the property, buildings, structures, or facilities of or the related infrastructure for those institutions.), As Introduced
Honorable Brandon Creighton, Chair, Senate Committee on Higher Education
Honorable Brandon Creighton, Chair, Senate Committee on Higher Education
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1701 by Creighton (Relating to certain bonds issued by public institutions of higher education in this state to acquire, purchase, construct, improve, renovate, enlarge, or equip the property, buildings, structures, or facilities of or the related infrastructure for those institutions.), As Introduced
SB1701 by Creighton (Relating to certain bonds issued by public institutions of higher education in this state to acquire, purchase, construct, improve, renovate, enlarge, or equip the property, buildings, structures, or facilities of or the related infrastructure for those institutions.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
Under provisions of the bill, any bonds issued under Education Code 55.13(a) would be designated "Capital Improvement Bonds". Institutions of Higher Education indicate that any costs associated with the bill could be absorbed within current resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 352 Bond Review Board, 710 Texas A&M Univ System Admin, 720 UT Sys Admin, 758 Texas State University System, 768 Texas Tech Univ Sys Admin, 781 Higher Education Coordinating Board, 783 Univ of Houston Sys Admin
352 Bond Review Board, 710 Texas A&M Univ System Admin, 720 UT Sys Admin, 758 Texas State University System, 768 Texas Tech Univ Sys Admin, 781 Higher Education Coordinating Board, 783 Univ of Houston Sys Admin
LBB Staff: b > td > JMc, LBO, JSM, GO
JMc, LBO, JSM, GO