LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION

March 21, 2025

TO:	Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	HB1453 by Tepper (Relating to the issuance of anticipation notes and certificates of obligation by certain local governments.), As Introduced

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 a contractual obligation under certain conditions.

Source Agencies:

352 Bond Review Board

LBB Staff:

JMc, FV, BC, CWi