Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
---|---|---|---|---|---|
No | Neutral | Neutral | Neutral | Negative | Neutral |
From a fiscal note dated April 6,2015:
State Impact
Estimated Two-year Net Impact to General Revenue Related Funds
for SB150, Committee Report 1st House, Substituted: a negative impact
of ($524,734,264) through the biennium ending August 31, 2017.
Bonds
for components of the Texas A&M University System are assumed to be
issued on September 1, 2015, at a 6 percent interest rate with a
20-year level debt service amortization. Based on calculations prepared
by the Texas A&M University System, the amount of debt service
payments would be $67.2 million beginning in fiscal year 2016.
Bonds
for components of the University of Texas System are assumed to be
issued on September 1, 2015, at a 6 percent interest rate with a 20-year
level debt service amortization. Based on calculations prepared by The
University of Texas System, the amount of debt service payments would be
$77.2 million per year beginning in fiscal year 2016.
Bonds for
components of the University of Houston System are assumed to be issued
on September 1, 2015 at a 6 percent interest rate with a 20-year level
debt service amortization. Based on calculations prepared by the
University of Houston System, the amount of debt service payments would
be $32.9 million per year beginning in fiscal year 2016.
Bonds
for components of the Texas State University System are assumed to be
issued September 1, 2015, at a 6 percent interest rate with a 20-year
level debt service amortization. Based on calculations prepared by the
Texas State University System, the amount of debt service payments would
be $22.4 million per year beginning in fiscal year 2016.
Bonds
for components of the University of North Texas System are assumed to be
issued on September 1, 2015, at a 6 percent interest rate with a
20-year level debt service amortization. Based on calculations prepared
by the University of North Texas System, the amount of debt service
payments would be $21.8 million beginning in fiscal year 2016.
Bonds
for Texas Woman's University are assumed to be issued on September 1,
2015, at a 5 percent interest rate with a 20-year level debt service
amortization. Based on calculations prepared by Texas Woman's
University, the amount of debt service payments would be $3.0 million
beginning in fiscal year 2016.
Bonds for Midwestern State
University are assumed to be issued on September 1, 2015, at a 6 percent
interest rate with a 20-year level debt service amortization. Based on
calculations prepared by the Texas Public Finance Authority, the amount
of debt service payments would be $2.6 million for fiscal year 2016 in
the form of an interest only payment, and $5.0 million per year
beginning in fiscal year 2017 for principal and interest.
The
bonds for Stephen F. Austin State University are assumed to be issued on
September 1, 2015, at a 6 percent interest rate with a 20-year level
debt service amortization. Based on calculations prepared by Stephen F.
Austin, the amount of debt service payments would be $4.0 million
beginning in fiscal year 2016.
The bonds for the Texas Tech
University System are assumed to be issued on September 1, 2015, at a 6
percent interest rate with a 20-year level debt service amortization.
Based on calculations prepared by the Texas Tech University System, the
amount of debt service payments would be $21.1 million beginning in
fiscal year 2016.
Bonds for Texas Southern University are
assumed to be issued on September 1, 2015, at a 7 percent interest rate
with a 20-year level debt service amortization. Based on calculations
prepared by Texas Public Finance Authority, the amount of the debt
service payments would be $5.5 million beginning in fiscal year 2016.
Bonds
for Texas State Technical College System are assumed to be issued on
September 1, 2015, at a 5 percent interest rate with a 20-year level
debt service amortization. Based on calculations prepared by the Texas
State Technical College System, the amount of debt service payments
would be $3.3 million beginning in fiscal year 2016.
No significant fiscal implication to local government.