LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

March 19, 2003

TO:	Honorable Talmadge Heflin, Chair, House Committee on Appropriations
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	HJR28 by Pickett (Proposing a constitutional amendment providing for authorization of the borrowing of money on a short-term basis by a state transportation agency for transportation-related projects.), Committee Report 1st House, As Amended

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 $85,275.

The proposed constitutional amendment would authorize the Texas Transportation Commission to authorize the Texas Department of Transportation to borrow from the State Treasury or other sources for transportation-related projects. By itself, this resolution would have no fiscal impact except for publication costs. However, if the enabling legislation were enacted, there could be a fiscal impact to the state, as well as possible cash flow effects.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:	304 Comptroller Of Public Accounts, 601 Department Of Transportation
LBB Staff:	JK, SD, MW