Honorable Terry Canales, Chair, House Committee on Transportation
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
SB2248 by Rodríguez (Relating to the development and operation of an aerial cable car or aerial tramway by a regional mobility authority created by a municipality.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 370 of the Transportation Code authorize an agency of the state, in addition to the Texas Department of Transportation (TXDOT) under the current provisions of Chapter 370, to enter into certain agreements with a regional mobility authority (RMA) in connection with a financing, acquisition, construction, or operation of a transportation project by an RMA.
Based on the information provided by TxDOT, the bill would not result in an operational or fiscal imapact to the agency. Consistent with Section 370.303, Transportation Code, this analysis assumes a state agency other than TxDOT would enter into an agreement for the financing of an RMA transportation project only if such an agreement for financing were to be specifically authorized by the Texas Constitution or another Act of the Texas Legislature.
Local Government Impact
According to the Texas Association of Counties, no significant fiscal implication to counties is anticipated.