LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION

May 9, 2023

TO:	Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	SB2035 by Bettencourt (Relating to the issuance of certain anticipation notes and certificates of obligation.), As Engrossed

No fiscal implication to the State is anticipated.

Local Government Impact

There could be an impact on certain units of local government as a result of the bill's prohibition against the issuance of an anticipation note to pay for a contractual obligation if an issuance of bonds for the same purpose failed to be approved by voters during the preceding five years.

Source Agencies:

352 Bond Review Board

LBB Staff:

JMc, MOc, NTh, AF, CMA