Supplement: TX SB2035 | 2023-2024 | 88th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas SB2035 please see the Bill Drafting List
Bill Title: Relating to the issuance of certain anticipation notes and certificates of obligation.
Status: 2023-06-13 - Vetoed by the Governor [SB2035 Detail]
Download: Texas-2023-SB2035-Fiscal_Note_Introduced_.html
Bill Title: Relating to the issuance of certain anticipation notes and certificates of obligation.
Status: 2023-06-13 - Vetoed by the Governor [SB2035 Detail]
Download: Texas-2023-SB2035-Fiscal_Note_Introduced_.html
| TO: |
Honorable Paul Bettencourt, Chair, Senate Committee on Local Government |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
SB2035 by Bettencourt (Relating to the issuance of certain anticipation notes and certificates of obligation.), 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 for a contractual obligation if an issuance of bonds for the same purpose failed to be approved by voters during the preceding five years.
| Source Agencies: | 352 Bond Review Board |
| LBB Staff: | JMc, AF, CMA, NTh |
