LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 6, 2001
  
  
          TO:  Honorable Paul Sadler, Chair, House Committee on Public
               Education
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB1671  by Jackson (Relating to the issuance of bonds by
               school districts for the purchase of school buses.), As
               Engrossed
  
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*  No significant  fiscal implication to the State is anticipated.       *
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Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.

The language of the bill is permissive.  Districts using voter-approved
general obligation bonds for school bus purchases may be able to obtain
less expensive financing than otherwise.  However, school districts may
also incur certain costs from the issuance of debt.  Because of the
permissive nature of the bill, local school districts will have more
options in how they will finance the purchase of school buses.
  
  
Source Agencies:   701   Texas Education Agency
LBB Staff:         JK, CT, PF