LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 80TH LEGISLATIVE REGULAR SESSION
 
April 20, 2007

TO:
Honorable Steve Ogden, Chair, Senate Committee on Finance
 
FROM:
John S. O'Brien, Director, Legislative Budget Board
 
IN RE:
SJR53 by Van de Putte (Proposing a constitutional amendment authorizing the issuance of general obligation bonds to provide and guarantee loans to encourage the use of carbon-free hydrogen energy.), As Introduced

No significant fiscal implication to the State is anticipated, other than the cost of publication.

The cost to the state for publication of the resolution is $77,468.


House Joint Resolution 93 amends the Texas Constitution to authorize the Texas Public Finance Authority to issue up to $250 million in general obligation bonds and enter into related credit agreements to make loans to businesses for projects to expand the use of carbon-free hydrogen energy in the state.  As proposed, HJR 93 would be submitted to the voters at an election to be held November 6, 2007.


Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
347 Public Finance Authority
LBB Staff:
JOB, CT, JW