Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
SB2144 by West (Relating to the manner of sale of bonds issued by municipal utility districts.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Water Code to authorize that bonds issued by certain municipal utility districts may be sold at a public or private sale under terms determined to be in the district's best interest.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.