Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB445 by Schofield (Relating to the specified use of bond proceeds by a county or municipality.), As Introduced
No significant fiscal implication to the State is anticipated.
It is assumed that any costs associated with the bill could be absorbed using existing resources.
Local Government Impact
The bill could have an impact on counties and municipalities that transfer bond proceeds between projects, which the bill would prohibit, and counties and municipalities may see impacts related to the litigation the bill would authorize.
Source Agencies:
212 Office of Court Administration, Texas Judicial Council, 352 Bond Review Board