TO: | Honorable Geanie Morrison, Chair, House Committee on Higher Education |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB1525 by Crownover (Relating to authorizing the issuance of revenue bonds for Texas Woman's University.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2006 | ($4,200,485) |
2007 | ($4,200,485) |
2008 | ($4,200,485) |
2009 | ($4,200,485) |
2010 | ($4,200,485) |
Fiscal Year | Probable (Cost) from GENERAL REVENUE FUND 1 |
---|---|
2006 | ($4,200,485) |
2007 | ($4,200,485) |
2008 | ($4,200,485) |
2009 | ($4,200,485) |
2010 | ($4,200,485) |
The bill would authorize the issuance of a maximum of $44.5 million in tuition revenue bonds by the Texas Woman's University for construction and improvement of facilities and related infrastructure.
The bonds would be payable from pledged revenue plus tuition. The bonds would not be general obligations of the state. However, the issued bonds would have fiscal implications for the State. Although tuition income is pledged against the bond, historically the Legislature has appropriated General Revenue to reimburse institutions for the tuition used to pay the debt service and this policy is assumed to continue.
Source Agencies: | 347 Public Finance Authority, 352 Bond Review Board, 731 Texas Woman's University, 781 Higher Education Coordinating Board
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LBB Staff: | JOB, SSh, CT, SD, RT, GO
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