Honorable Lois W. Kolkhorst, Chair, Senate Committee on Administration
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB4349 by Cortez (Relating to the creation of the Alamo Management District; providing authority to issue bonds.), As Engrossed
No fiscal implication to the State is anticipated.
The bill would amend the Special District Local Laws Code establishing the Alamo Management District. The district would have authority to issue bonds and other obligations.
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.