Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
SB1474 by Lucio (Relating to private activity bonds allocated for affordable housing.), As Introduced
The fiscal impact of the bill cannot be determined due to a lack of information on the timing and number of likely applications affected.
The Bond Review Board indicates that the bill may result in a small increase in fee revenue (General Revenue) estimated to be $30,000 per fiscal year based on the relevant data from fiscal year 2019. The Comptroller indicates that due to a lack of information on the timing and number of likely applications affected, the fiscal impact cannot be determined.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs, 352 Bond Review Board