LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session May 5, 1999 TO: Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations FROM: John Keel, Director, Legislative Budget Board IN RE: HB 347 by Averitt (Relating to the financing of certain eligible projects for criminal justice purposes.), Committee Report 2nd House, as amended ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** Local Government Impact A county or municipality choosing to refund obligations issued or incurred in connection with an eligible criminal justice facility project could incur the cost of an election to approve the refunding of such bonds. If the election could be combined with a previously scheduled election, no significant fiscal implication is expected due to the addition of an item on the question of refunding obligations. If a separate election would be required to approve the refunding, the election cost would depend on the population of the municipality or county. Based on a recent survey of local government, the median cost of a local election has been calculated at $.52 per resident. Source Agencies: LBB Staff: JK, TL