Supplement: TX HB451 | 2023-2024 | 88th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas HB451 please see the Bill Drafting List
Bill Title: Relating to the authority of a political subdivision to issue debt to purchase or lease tangible personal property.
Status: 2023-04-19 - Left pending in committee [HB451 Detail]
Download: Texas-2023-HB451-Fiscal_Note_Introduced_.html
Bill Title: Relating to the authority of a political subdivision to issue debt to purchase or lease tangible personal property.
Status: 2023-04-19 - Left pending in committee [HB451 Detail]
Download: Texas-2023-HB451-Fiscal_Note_Introduced_.html
| TO: |
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
HB451 by Schofield (Relating to the authority of a political subdivision to issue debt to purchase or lease tangible personal property.), 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 certain political subdivisions as a result of the bill's prohibition against the issuance of a public security to purchase or lease tangible personal property if the expected life of the property ends before the maturity date of the public security.
| Source Agencies: | 352 Bond Review Board, 701 Texas Education Agency, 978 San Jacinto College |
| LBB Staff: | JMc, MOc, CMA, NTh, AF |
