LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
April 11, 1995
TO: Honorable Robert Junell, Chair IN RE: House Bill No. 2022
Committee on Appropriations By: Berlanga
House of Representatives
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, DF