Honorable Robert Nichols, Chair, Senate Committee on Transportation
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB977 by Schwertner (Relating to the use of state money for high-speed rail operated by a private entity.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Transportation Code to prohibit the Legislature from appropriating money and a state agency from accepting or using state money to pay for certain costs of high-speed rail operated by a private entity except as required by federal law other state law, including the National Environmental Policy Act of 1969. The bill would require a state agency to provide a quarterly report on expenses related to high-speed rail.
The Texas Department of Transportation indicates that implementation of the provisions of the bill would not result in a significant fiscal impact.
Local Government Impact
No fiscal implication to units of local government is anticipated.