LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session May 8, 2001 TO: Honorable Kip Averitt, Chair, House Committee on Financial Institutions FROM: John Keel, Director, Legislative Budget Board IN RE: SJR37 by Lucio (Proposing a constitutional amendment authorizing the issuance of general obligation bonds or notes to provide financial assistance to counties for roadway projects to serve border colonias.), Committee Report 2nd House, Substituted ************************************************************************** * No fiscal implication to the State is anticipated, other than the * * cost of publication. * * * * The cost to the state for publication of the resolution is $80,000. * ************************************************************************** Local Government Impact This resolution if adopted by the voters in November 2001 would enable the issuance of $175.0 million in general obligation bonds to provide counties with financial assistance for roadway projects in, around or near colonias. Source Agencies: 347 Texas Public Finance Authority, 301 Office of the Governor LBB Staff: JK, JO, ZS