LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session February 27, 1995 TO: Honorable Curtis Seidlits, Chair IN RE: House Bill No. 1355 Committee on State Affairs By: VandePutte House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 1355 (Relating to the making of, and the issuance of bonds for, international cooperation agreements by state agencies and political subdivisions.) this office has determined the following: This bill would allow a state agency or political subdivision to enter into an agreement with the United Mexican States or a political subdivision thereof, an agency of the United States, or an agency created under a treaty between the United States and the United Mexican States. The agreement would be required for the accomplishment of a function that the agency or subdivision is authorized to perform under other law. The bill would authorize a state agency or political subdivision to acquire or dispose of interests in real property in Texas or the United Mexican States, use funds not otherwise dedicated, use any equipment, facilities or other property, and agree to any other terms not prohibited under law, in order to accomplish the agreement. The bill would allow a state agency or subdivision to issue bonds or other indebtedness to provide financing to the extent that they are authorized to incur debt on its own behalf. An agreement made by a state agency under this bill would require approval by the Texas Bond Review Board. The fiscal implication to the State or units of local government cannot be determined. Source: Comptroller of Public Accounts, Texas Public Finance Authority, Bond Review Board LBB Staff: JK, LP, DF