TO: | Honorable Geanie Morrison, Chair, House Committee on Higher Education |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB1712 by McClendon (Relating to authorizing the issuance of revenue bonds for The University of Texas at San Antonio.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2006 | ($1,482,137) |
2007 | ($1,482,137) |
2008 | ($1,482,137) |
2009 | ($1,482,137) |
2010 | ($1,482,137) |
Fiscal Year | Probable (Cost) from GENERAL REVENUE FUND 1 |
---|---|
2006 | ($1,482,137) |
2007 | ($1,482,137) |
2008 | ($1,482,137) |
2009 | ($1,482,137) |
2010 | ($1,482,137) |
The bill would authorize the issuance of a maximum of $17 million in revenue bonds by the University of Texas System for University of Texas at San Antonio for the completion of phase V construction at the University of Texas at San Antonio's downtown campus.
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 bonds, historically the Legislature has appropriated General Revenue to reimburse institutions for the tuition used to pay the debt service. It is assumed the Legislature would continue this policy.
Source Agencies: | 347 Public Finance Authority, 352 Bond Review Board, 720 The University of Texas System Administration, 781 Higher Education Coordinating Board
|
LBB Staff: | JOB, CT, RT
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