| TO: | Honorable Chris Harris, Chair, Senate Committee on Administration |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | HB1875 by Wise (Relating to the water infrastructure fund, rural water assistance fund, rural community water and wastewater loan fund, and colonia self-help account, and to certain notes and bonds of water districts.), As Engrossed |
No fiscal implication to the State is anticipated.
The bill would make the General Revenue Water Infrastructure Account No. 5067 and General Revenue Rural Water Assistance Account No. 5068 special funds in the state treasury, outside of the General Revenue Fund; and it would make General Revenue Dedicated Colonia Self-Help Account No. 5076 an account in the Water Assistance Fund No. 480.
The bill would remove the loan cap of $250,000 per rural community water or wastewater projects and expand the use of the Rural Community Water and Wastewater Loan Fund.
Since there currently are no balances in any of the accounts that would be moved upon passage of the bill, no fiscal impact is expected.
| Source Agencies: | 304 Comptroller of Public Accounts, 580 Water Development Board
|
| LBB Staff: | JK, SD, CL, TL
|