Bill: HB 2833, 84(R) - 2015
Committee
House Public Education
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| 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.
