Honorable Bryan Hughes, Chair, Senate Committee on State Affairs
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB533 by Sparks (Relating to the election date for the authorization of the issuance of bonds or a tax increase.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Election Code related to the election date for the authorization of the issuance of bonds.
According to the Secretary of State, there is no anticipated financial impact to the agency. According to the Texas Education Agency, no fiscal impact to the state is anticipated. It is assumed any costs associated with the implementation of this bill at the Comptroller of Public Accounts could be absorbed with existing resources.
Local Government Impact
According to the Comptroller of Public Accounts, the fiscal impact to local governments cannot be estimated.
Source Agencies:
304 Comptroller of Public Accounts, 307 Secretary of State, 701 Texas Education Agency