Bill

HB 2833

84(R) - 2015
House Public Education
Read Bill & Check Bill Status
House Public Education
Bond Debt
Education

Vote Recommendation

No
  • Neutral
  • Neutral
  • Neutral
  • Negative
  • Neutral

Author(s)

Marsha Farney

Bill Caption

Relating to the issuance of interest-bearing time warrants by school districts.

Fiscal Notes

There is no significant fiscal implication to the State. This bill would give school districts greater flexibility with regard to borrowing.

Bill Analysis

HB 2833 would amend the Education Code to increase from 15 years to 20 years the maximum maturity period of a serial installment and increase the outstanding value from $1 million to $2 million for interest-bearing time warrants issued by a school district.

Vote Recommendation Notes

This bill abridges the principle of limited government. School districts do not need more 'flexibility' to borrow money as the amount of debt held by districts is already a significant issue. We oppose HB 2833 because it is fiscally irresponsible.