Honorable Chris Paddie, Chair, House Committee on State Affairs
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB1510 by Metcalf (relating to the response and resilience of certain electricity service providers to major weather-related events or other natural disasters; granting authority to issue bonds.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
It is assumed that the costs associated with the bill's provisions relating to the response and resilience of certain electricity service providers to major weather-related events or other natural disasters could be absorbed using existing resources.
The bill creates the Texas Utility System Restoration Corporation and notes that the state shall not budget for or provide any general fund appropriations to the corporation.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
473 Public Utility Commission of Texas, 475 Office of Public Utility Counsel