LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
March 25, 1997
TO: Honorable J.E. "Buster" Brown, Chair IN RE: Senate Joint Resolution
No. 17, Committee Report 1st House, Substituted
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 relating to creation of the Texas
Water Development Fund II; to authorizing the Texas Water Development
Board to administer the fund and issue general obligation bonds
for the purposes of the fund; and to the flow of funds for repayment
of the Texas agricultural water conservation bonds) this office
has detemined the following:
Biennial Net Impact to General Revenue Funds by SJR17-Committee Report 1st House, Substituted
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 Texas Water Development Fund II would be created by consolidating
certain bond authorizations. In addition, the established
flow of funds to repay Agricultural Water Conservation Bonds
would be changed to eliminate reserve requirements. Enabling
language is contained in Senate Bill 1.
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