LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
March 5, 1997
TO: Honorable J.E. "Buster" Brown, Chair IN RE: Senate Joint Resolution
No. 17
Committee on Natural Resources By: Brown
Senate
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on SJR17 ( Proposing
a constitutional amendment to create the Texas Water Development
Fund II and to authorize the Texas Water Development Board to
administer the fund and issue general obligation bonds for the
purposes of the fund.) this office has detemined the following:
Biennial Net Impact to General Revenue Funds by SJR17-As Introduced
No significant fiscal implication to the State is anticipated,
other than the cost of publication. The cost to the state for
publication of the resolution is $71,000.
The enabling legislation, House Bill 5, would establish the
Texas Water Development Fund II, consolidating certain bond
authorizations. The consolidation of bond authorizations would
produce a savings in issuance costs because fewer issues would
be necessary.
No significant fiscal implication to units of local government
is anticipated. The Texas Water Development Board anticipates
that savings derived from bond issue consolidation would be
passed on to units of local government. In addition, local
governments would be able to reduce the number of bond issues,
if desirable.
Source: Agencies: 307 Secretary of State
580 Water Development Board
LBB Staff: JK ,BB ,DM