LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
 
May 16, 2017

TO:
Honorable Lois W. Kolkhorst, Chair, Senate Committee on Administration
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
HB4277 by Zerwas (Relating to the powers and duties of the Fort Bend County Municipal Utility District No. 50; providing authority to issue bonds; providing authority to impose a tax.), As Engrossed

No fiscal implication to the State is anticipated.

The bill would amend the Special District Local Laws Code establishing the Fort Bend County Municipal Utility District No. 50. The district would have authority for road projects. The district would have authority to issue bonds or other obligations payable wholly or partly from ad valorem taxes, impact fees, revenue, contract payments, grants, or other district money to pay for a road project.  

The bill would take effect immediately if the bill receives a two-thirds vote in each house; otherwise, the bill would take effect September 1, 2017.

Local Government Impact

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


Source Agencies:
LBB Staff:
UP, KK, JGA, GG, BM