LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

April 5, 2005

TO:	Honorable Todd Staples, Chair, Senate Committee on Transportation & Homeland Security
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	SB1384 by Shapiro (Relating to regional tollway authorities.), As Introduced

No fiscal implication to the State is anticipated.

The bill would specify the procedures that a regional tollway authority must follow with regard to publishing and implementing the authority's rules. The bill would specify that a bank or trust company that acts as depository of the proceeds of bonds or of revenue that furnishes indemnifying bonds or pledge securities that an authority requires must have a main or branch office located in this state. The bill would also specify that a regional tollway authority is authorized to enforce requirements related to nonpayment of a toll regardless of whether the toll is remitted to the authority through an agreement with another entity.

The bill would take effect September 1, 2005.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

601 Department of Transportation

LBB Staff:

JOB, SR, DLBa