LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 10, 2023 TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2035 by Bettencourt (Relating to the issuance of certain anticipation notes and certificates of obligation.), As Introduced No fiscal implication to the State is anticipated. Local Government ImpactThere could be an impact on certain units of local government as a result of the bill's prohibition against the issuance of an anticipation note to pay for a contractual obligation if an issuance of bonds for the same purpose failed to be approved by voters during the preceding five years. Source Agencies: b > td > 352 Bond Review Board LBB Staff: b > td > JMc, AF, CMA, NTh
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 10, 2023
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2035 by Bettencourt (Relating to the issuance of certain anticipation notes and certificates of obligation.), As Introduced
TO: Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB2035 by Bettencourt (Relating to the issuance of certain anticipation notes and certificates of obligation.), As Introduced
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB2035 by Bettencourt (Relating to the issuance of certain anticipation notes and certificates of obligation.), As Introduced
SB2035 by Bettencourt (Relating to the issuance of certain anticipation notes and certificates of obligation.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
Local Government Impact
There could be an impact on certain units of local government as a result of the bill's prohibition against the issuance of an anticipation note to pay for a contractual obligation if an issuance of bonds for the same purpose failed to be approved by voters during the preceding five years.
There could be an impact on certain units of local government as a result of the bill's prohibition against the issuance of an anticipation note to pay for a contractual obligation if an issuance of bonds for the same purpose failed to be approved by voters during the preceding five years.
Source Agencies: b > td > 352 Bond Review Board
352 Bond Review Board
LBB Staff: b > td > JMc, AF, CMA, NTh
JMc, AF, CMA, NTh