LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 18, 2023 TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB445 by Schofield (Relating to the specified use of bond proceeds by a county or municipality.), As Introduced No significant fiscal implication to the State is anticipated. It is assumed that any costs associated with the bill could be absorbed using existing resources. Local Government ImpactThe bill could have an impact on counties and municipalities that transfer bond proceeds between projects, which the bill would prohibit, and counties and municipalities may see impacts related to the litigation the bill would authorize. Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 352 Bond Review Board LBB Staff: b > td > JMc, MOc, BC, DPE, CMA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 18, 2023
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB445 by Schofield (Relating to the specified use of bond proceeds by a county or municipality.), As Introduced
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB445 by Schofield (Relating to the specified use of bond proceeds by a county or municipality.), As Introduced
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB445 by Schofield (Relating to the specified use of bond proceeds by a county or municipality.), As Introduced
HB445 by Schofield (Relating to the specified use of bond proceeds by a county or municipality.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
It is assumed that any costs associated with the bill could be absorbed using existing resources.
Local Government Impact
The bill could have an impact on counties and municipalities that transfer bond proceeds between projects, which the bill would prohibit, and counties and municipalities may see impacts related to the litigation the bill would authorize.
Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 352 Bond Review Board
212 Office of Court Administration, Texas Judicial Council, 352 Bond Review Board
LBB Staff: b > td > JMc, MOc, BC, DPE, CMA
JMc, MOc, BC, DPE, CMA