LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION

Revision 1

May 8, 2015

TO:	Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
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.), Committee Report 1st House, Substituted

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