LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
 
March 31, 2017

TO:
Honorable Jodie Laubenberg, Chair, House Committee on Elections
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
HB151 by Simmons (Relating to a proposition to approve the issuance of bonds or other debt.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Election Code requiring all propositions for bond issuances to be held on the November uniform election date. The bill would require any authority that is required to hold elections for bond issuances outside the November uniform election date to set the election date to comply with the bill.

The bill would take effect September 1, 2017.

The Secretary of State would be able to comply with the provisions of the bill using existing resources. 

Local Government Impact

The Texas Education Agency (TEA) states that school districts might have to delay holding bond elections in certain circumstances but there would be no costs to local school districts as a result of the bill. 


Source Agencies:
307 Secretary of State, 701 Texas Education Agency
LBB Staff:
UP, LBO, GG, BM