LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

April 17, 2019

TO:	Honorable Jim Murphy, Chair, House Committee on Pensions, Investments & Financial Services
FROM:	John McGeady, Assistant Director     Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:	HB3130 by Middleton (Relating to federal refundable credits paid directly to issuers of certain bonds issued by or on behalf of school districts or open-enrollment charter schools.), As Introduced

No significant fiscal implication to the State is anticipated.

It is assumed that the provisions of the bill relating to federal refundable credits paid directly to issuers of certain bonds issued by or on behalf of school districts or open-enrollment charter schools could be absorbed using existing resources.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

352 Bond Review Board, 701 Texas Education Agency

LBB Staff:

WP, CMa, AM, AH, LLo