Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB991 by Creighton (Relating to providing road powers to the Wood Trace Municipal Utility District No. 1, of Montgomery County, Texas; providing authority to issue bonds.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Special District Local Laws Code adding the Wood Trace Municipal Utility District No. 1 of Montgomery County. The district would have authority for road projects including the issuing of bonds.
The bill would take effect immediately if it receives a two-thirds vote in each house; otherwise, it would take effect September 1, 2017.
Local Government Impact
According to Montgomery County no fiscal impact is anticipated from the provisions of the bill.