LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session May 15, 1995 TO: Honorable John T. Montford, Chair IN RE: House BillNo. 2022, Committee on Finance as engrossed Senate By: Berlanga Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 2022 (Relating to the construction of laboratory and office facilities for the Texas Department of Health; granting authority to issue a bond.) this office has determined the following: The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. The bill would amend the Texas Public Finance Authority Act by authorizing TPFA to issue revenue bonds in an aggregate principal amount of $42.3 million for financing laboratory and office facilities for the Texas Department of Health. The bonds would not be general obligations of the state. The source of revenue to make debt service payments is not specified. Information regarding the cost of operating and maintaining the facilities is unavailable at this time. The probable fiscal implication of implementing the provisions of the bill during each of the first five years following passage is estimated as follows: Fiscal Probable Debt Year Service Payable from Revenue 1996 $1,481,121 1997 3,982,318 1998 3,979,370 1999 3,980,358 2000 3,980,149 Similar annual fiscal implications would continue as long as the provisions of the bill are in effect. No fiscal implication to units of local government is anticipated. Source: General Services Commission, Texas Public Finance Authority, Bond Review Board LBB Staff: JK, LP, BR, DF