Honorable Jim Murphy, Chair, House Committee on Special Purpose Districts
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1448 by Bell (Relating to providing road district powers to the Montgomery County Municipal Utility District No. 131; providing authority to issue bonds.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Special District Local Laws Code adding the Montgomery County Municipal Utility District No. 131. The district would have authority for road projects including the issuing of bonds.
The bill would take effect immediately if it receives a two-thirds vote in each house; otherwise, it would take effect September 1, 2017.
Local Government Impact
According to Montgomery County, no fiscal impact is anticipated from the provisions of the bill.