LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION March 21, 2025 TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1453 by Tepper (Relating to the issuance of anticipation notes and certificates of obligation by certain local governments.), 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 a contractual obligation under certain conditions. Source Agencies: b > td > 352 Bond Review Board LBB Staff: b > td > JMc, FV, BC, CWi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
March 21, 2025
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1453 by Tepper (Relating to the issuance of anticipation notes and certificates of obligation by certain local governments.), As Introduced
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1453 by Tepper (Relating to the issuance of anticipation notes and certificates of obligation by certain local governments.), As Introduced
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1453 by Tepper (Relating to the issuance of anticipation notes and certificates of obligation by certain local governments.), As Introduced
HB1453 by Tepper (Relating to the issuance of anticipation notes and certificates of obligation by certain local governments.), 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 a contractual obligation under certain conditions.
Source Agencies: b > td > 352 Bond Review Board
352 Bond Review Board
LBB Staff: b > td > JMc, FV, BC, CWi
JMc, FV, BC, CWi