LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 5, 2001
  
  
          TO:  Honorable Paul Sadler, Chair, House Committee on Public
               Education
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB2888  by Truitt (Relating to certain limitations on the
               issuance of bonds by school districts.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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Currently, a district must demonstrate to the attorney general that is
has the projected ability to pay principal and interest on proposed new
bonds, from a tax rate not to exceed $0.50, before it can issue such
bonds.

The bill would repeal that provision.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   302   Office of the Attorney General, 701   Texas
                   Education Agency
LBB Staff:         JK, CT, PF, RN