Honorable Robert Nichols, Chair, Senate Committee on Transportation
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB2253 by Nichols (Relating to providing road powers to the Montgomery County Municipal Utility District No. 101; 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 granting Montgomery County Municipal Utility District No. 101 authority for road projects. The district would have authority to issue bonds for road projects.
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.