LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session April 1, 1997 TO: Honorable David Counts, Chair IN RE: House Bill No. 666 Committee on Natural Resources By: Krusee House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB666 ( Relating to authorizing certain municipal utility districts to repair and maintain streets and to issue bonds and use bond proceeds for that purpose.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB666-As Introduced No fiscal implication to the State is anticipated. The bill would allow certain municipal utility districts to maintain and repair streets and to issue bonds for those purposes. Voter approval would be required to issue such bonds. Because an election for the issuance of bonds to repair or maintain streets would be held on the uniform election date in November, and most such elections would therefore be held in conjunction with previously scheduled elections, it is not anticipated that the election requirement will result in significant costs to municipal utility districts. As a result of this bill's passage, other units of local government responsible for road maintenance and repair could reduce allocations to such activities in areas where a municipal utility district assumes such responsibilities. Source: Agencies: LBB Staff: JK ,BB ,TL