LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION

March 25, 2013

TO:	Honorable Jimmie Don Aycock, Chair, House Committee on Public 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 Introduced

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.

Local Government Impact

Open-enrollment charter schools refunding or refinancing bonds would be able to seek the bond guarantee for those bonds

Source Agencies:

701 Central Education Agency

LBB Staff:

UP, JBi, JSc