LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

March 29, 2003

TO:	Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	SB402 by Van de Putte (Relating to granting certain hospital districts the authority to issue certificates of obligation.), As Introduced

No fiscal implication to the State is anticipated.

The bill would authorize, upon approval by the commissioners court, certain hospital districts to issue certificates of obligation for district purposes. The bill would take effect September 1, 2003.

Local Government Impact

The provisions of the bill would provide another mechanism for funding hospital district needs in districts located in counties with a population of at least 190,000.

No fiscal implication to units of local government is anticipated.

Source Agencies:	352 Bond Review Board
LBB Staff:	JK, DLBa