Honorable Gary Gates, Chair, House Committee on Land & Resource Management
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB5555 by Zwiener (Relating to municipal utility districts; limiting the rate of a tax.), 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 would establish a maximum interest and sinking fund rate and ad valorem tax rate for municipal utility districts. No fiscal implication to other units of local government is anticipated.