LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION

April 11, 2017

TO:	Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	SB295 by Hinojosa (Relating to the issuance of certain capital appreciation bonds by political subdivisions.), As Introduced

No fiscal implication to the State is anticipated.

The bill would amend the Government Code by clarifying the issuance of capital appreciation bonds by a political subdivision for certain projects. 

The bill would take effect September 1, 2017.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

352 Bond Review Board, 701 Texas Education Agency

LBB Staff:

UP, JGA, GG, BM