LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION

April 28, 2015

TO:	Honorable John Zerwas, Chair, House Committee on Higher Education
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB1103 by Murphy (Relating to space utilization and online enrollment requirements for the issuance of revenue bonds by certain public institutions of higher education.), As Introduced

No significant fiscal implication to the State is anticipated.

Under provisions of the bill general academic teaching institution may not issue bonds payable from revenue funds unless the institution has satisfied the standards prescribed by the Texas Higher Education Coordinating Board. This analysis assumes that any costs for institutions of higher education and the Higher Education Coordinating Board to implement the provisions of the bill could be absorbed within current resources.

Local Government Impact

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

Source Agencies:

347 Public Finance Authority, 352 Bond Review Board, 710 Texas A&M University System Administrative and General Offices, 717 Texas Southern University, 720 The University of Texas System Administration, 731 Texas Woman's University, 755 Stephen F. Austin State University, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration

LBB Staff:

UP, EMu, DEH, GO, LBe