HBA-LCA H.B. 2898 76(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 2898 By: Coleman Urban Affairs 4/3/1999 Introduced BACKGROUND AND PURPOSE Currently, neither an independent school district nor a venue district may enter into credit agreements or issue short-term obligations, including commercial paper. H.B. 2898 allows an independent school district with an average daily attendance of 190,000 or more, or an approved venue district, to issue short-term obligations such as commercial paper. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. SECTION BY SECTION ANALYSIS SECTION 1. Amends Section 1(1), Article 717q, V.T.C.S., as follows: 1(1) Includes an independent school district with an average daily attendance of 190,000 or more, and a venue district created under Chapter 335, Local Government Code (Sports and Community Venue Districts), in the definition of "issuer." SECTION 2. Amends Section 1(3), Article 717q, V.T.C.S., as follows: 1(3) Includes an improved venue project under Chapter 335, Local Government Code, in the definition of "eligible project." SECTION 3. Emergency clause. Effective date: 90 days after passage.