John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:
HB87 by Reyna (Relating to the authority of a municipality to alter speed limits in an urban district within the municipality.), As Engrossed
No fiscal implication to the State is anticipated.
The bill would authorize the governing body of a municipality to declare a lower speed limit of not less than 25 miles per hour for a highway or portion of a highway in an urban district in the municipality that meets certain criteria.The bill would take effect immediately if it were to receive the required two-thirds vote in both houses; otherwise, it would take effect September 1, 2005.
Local Government Impact
If a municipality were to decide to lower a speed limit, the municipality would incur the cost of replacing speed limit signs. The cost per sign can vary from $125 to $425. No significant fiscal impact to units of local government is anticipated.