Honorable Terry Canales, Chair, House Committee on Transportation
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB1774 by Middleton (Relating to the use of money in the ship channel improvement revolving fund.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would allow certain municipalities and boards of trustees to apply for a loan under the Ship Channel Improvement Revolving Fund.
Based on the information provided by the Texas Department of Transportation, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
Local Government Impact
The City of Galveston could see a positive fiscal impact from the ability to receive a loan from the Ship Channel Improvement Revolving Fund.