LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 6, 2025 TO: Honorable Brandon Creighton, Chair, Senate Committee on Education K-16 FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2395 by Creighton (Relating to general obligation bonds issued by school districts.), As Introduced No 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 would prevent school districts from using unspent general obligation bond proceeds for any other purpose than for the specific purposes for which the bonds were authorized or for retiring the bonds. Source Agencies: b > td > 701 Texas Education Agency LBB Staff: b > td > JMc, JPE, SL, MJe
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 6, 2025
TO: Honorable Brandon Creighton, Chair, Senate Committee on Education K-16 FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2395 by Creighton (Relating to general obligation bonds issued by school districts.), As Introduced
TO: Honorable Brandon Creighton, Chair, Senate Committee on Education K-16
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB2395 by Creighton (Relating to general obligation bonds issued by school districts.), As Introduced
Honorable Brandon Creighton, Chair, Senate Committee on Education K-16
Honorable Brandon Creighton, Chair, Senate Committee on Education K-16
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB2395 by Creighton (Relating to general obligation bonds issued by school districts.), As Introduced
SB2395 by Creighton (Relating to general obligation bonds issued by school districts.), As Introduced
No fiscal implication to the State is anticipated.
No 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 would prevent school districts from using unspent general obligation bond proceeds for any other purpose than for the specific purposes for which the bonds were authorized or for retiring the bonds.
Source Agencies: b > td > 701 Texas Education Agency
701 Texas Education Agency
LBB Staff: b > td > JMc, JPE, SL, MJe
JMc, JPE, SL, MJe