LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION

April 18, 2017

TO:	Honorable J. M. Lozano, Chair, House Committee on Higher Education
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB2705 by Lozano (Relating to alternative education loans and to the use of higher education private activity bonds by qualified alternative education loan lenders.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill amends various sections of the Education Code and Government Code relating to alternative education loans and to the use of higher education activity bonds by qualified alternative education loan lenders. Based on the analysis provided by the Higher Education Coordinating Board, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. According to the Bond Review Board, the bill could result in a potential loss to General Revenue. Due to the lack of limitations on allocations for student loan bonds in the Private Activity Bond program, a single issuer could request the entire amount resulting in fewer application fees collected and deposited to General Revenue.

Local Government Impact

According to Texas Municipal League, no significant fiscal impact is anticipated.

Source Agencies:

304 Comptroller of Public Accounts, 352 Bond Review Board, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration

LBB Staff:

UP, THo, DEH, GO, LBe, BM