LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

April 12, 2003

TO:	Honorable Glenn Lewis, Chair, House Committee on County Affairs
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	HB3017 by Solomons (Relating to the organization and administration of a coordinated county transportation authority.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend the Transportation Code to authorize the board of directors of a coordinated county transportation authority to create procedures by which a municipality may become a participating member of the authority; accept gifts, grants, donations, receipts, or funds from any source to carry out its power and duties; and pledge government grants, contractual revenue, or lease revenue to secure payment of an authority's bonds. Provisions of the bill would also change from a limit of 20 years for principal and interest payback for a bond issued by the authority to a term between 20 and 40 years. The bill would take effect September 1, 2003.

The provisions of the bill would allow an authority more flexibility relating to funding.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:
LBB Staff:	JK, DLBa