Honorable Lyle Larson, Chair, House Committee on Natural Resources
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB3462 by Phelan (Relating to the authority of the Texas Water Development Board to consider certain financial matters in a closed meeting.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Water Code to allow the Texas Water Development Board to hold closed meetings to discuss certain matters related to bonds, securities, and investments either issued or to be issued by TWDB. Based on the analysis of TWDB, duties and responsibilities associated with implementing the provisions of the bill could be accomplished using existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.