TO: | Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB2346 by Bonnen (Relating to authorized investments for ports and navigation districts.), As Engrossed |
There could be a positive fiscal impact associated with investing in negotiable certificates of deposit; however, those benefits would vary by district and is not anticipated to be significant.
The Port of Galveston reported there would be no significant fiscal impact. The port also noted the provisions of the bill would allow the port to have another investment option.
The Port of Houston Authority reported the bill would authorize access to the Certificate of Deposit Account Registry Service which could result in more efficient investment operations and potentially higher yields; however, no significant fiscal impact is anticipated.
Source Agencies: |
LBB Staff: | JOB, KJG, TP
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