LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION

April 7, 2015

TO:	Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB3918 by Wray (Relating to private activity bonds.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend the Government Code to prohibit the use of bonds to finance the construction or operation of a electric railway or high speed rail.

Local Government Impact

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

Source Agencies:

352 Bond Review Board, 601 Department of Transportation

LBB Staff:

UP, CL, SD, EK