LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
 
May 10, 2013

TO:
Honorable Dan Patrick, Chair, Senate Committee on Education
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
HB885 by Murphy (Relating to the guarantee of refinanced open-enrollment charter school bonds by the permanent school fund.), As Engrossed

No fiscal implication to the State is anticipated.

The bill would allow for refunding or refinanced bonds issued by an open-enrollment charter school to be guaranteed by the Permanent School Fund through the bond guarantee program, up to one-half of the total amount available for the guarantee of charter district bonds.

Local Government Impact

Open-enrollment charter schools refunding or refinancing bonds would be able to seek the bond guarantee for those bonds and could experience savings related to reduced interest costs.


Source Agencies:
701 Central Education Agency
LBB Staff:
UP, JBi, JSc