Honorable Cody Harris, Chair, House Committee on Natural Resources
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB1407 by Guillen (Relating to public utility agencies; providing authority to issue bonds; providing authority to impose assessments.), 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
There could be an impact on local governments as it gives public utility agencies the authority to issue bonds and impose an assessment to pay back the bond to acquire public utilities. The amount of the assessment is unknown.
Source Agencies:
352 Bond Review Board, 473 Public Utility Commission of Texas