SB 1568

84(R) - 2015
Senate Education
Senate Education

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Negative
  • Neutral


Eddie Lucio Jr.

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

SB 1568 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 SB 1568 because it is fiscally irresponsible.