Honorable Joseph Pickett, Chair, House Committee on Transportation
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB3777 by Collier (Relating to the establishment and governance of certain regional transportation authorities.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would amend the Transportation and Tax Codes to amend the population brackets in certain Subchapters and modify the governance of certain regional transportation authorities. The bill would grant title to all real estate to an authority, either partially or fully owned by the authority and located within a municipality with a population of 10,000 or less, if that municipality withdraws from the authority by election. The bill provides criteria for determining the total financial obligations of the withdrawn entity to the authority applicable to an election to withdraw on or before September 1, 2015 and expires August 31, 2016.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.