LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

April 15, 2009

TO:	Honorable Garnet Coleman, Chair, House Committee on County Affairs
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	HB4279 by Harper-Brown (Relating to credit agreements executed in connection with the issuance of obligations for certain public improvements.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Government Code and require a governing body, when submitting credit agreement proceedings for an interest management rate agreement to the Office of the Attorney General for review, to submit an affidavit certifying certain requirements for entering into an interest rate management agreement. Any additional costs associated with implementation of the bill could be absorbed within existing state resources.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

302 Office of the Attorney General

LBB Staff:

JOB, DB, JM