| TO: | Honorable Royce West, Chair, Senate Committee on Subcommittee on Higher Education |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | SB1778 by Ogden (Relating to the authority of a higher education authority or nonprofit instrumentality exercising the powers of a higher education authority to acquire, own, and operate facilities, to issue and execute bonds and other obligations, and to use the proceeds of those obligations for authorized purposes. ), Committee Report 1st House, Substituted |
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to units of local government is anticipated.
A higher education authority would incur additional costs to communicate with counties, municipalities, school districts and other political subdivisions outside of its municipal jurisdiction, but these costs are not expected to be significant.
| Source Agencies: | 781 Higher Education Coordinating Board
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| LBB Staff: | JK, CT, PF, KG, MG
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