LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION

May 18, 2015

TO:	Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB3920 by Guerra (Relating to financing arrangements between political subdivisions and private entities for the implementation of pay for success initiatives.), As Engrossed

No fiscal implication to the State is anticipated.

The bill would amend the Local Government Code to permit the governing body of a political subdivision to enter into a private financing arrangement for a program designed and intended to address a problem facing the political subdivision.

Local Government Impact

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

Source Agencies:

352 Bond Review Board

LBB Staff:

UP, CL, SD, EK, LBe