LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

March 29, 2009

TO:	Honorable John Carona, Chair, Senate Committee on Transportation & Homeland Security
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	SJR25 by Harris (Proposing a constitutional amendment requiring certain revenue collected by a public entity from the use of a tolled highway project in this state to be used only for transportation projects.), 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 $90,882.

The resolution would propose a constitutional amendment to Article VIII of the Texas Constitution to specify that the revenue collected by a public entity from a tolled highway project that is not dedicated to the repayment of the project's debt may be used only for the acquisition, construction, operation, maintenance, or improvement of transportation projects.
 
The proposed amendment would be submitted to voters at an election to be held November 3, 2009.

Based on the analysis of the Comptroller of Public Accounts and the Texas Department of Transportation, it is assumed provisions of the proposed constitutional amendment would not result in a significant fiscal impact to the state.

Local Government Impact

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

Source Agencies:

304 Comptroller of Public Accounts, 601 Department of Transportation

LBB Staff:

JOB, KJG, TG