HBA-MSH H.B. 1488 77(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 1488 By: Kitchen Public Education 4/9/2001 Introduced BACKGROUND AND PURPOSE Current law does not authorize an independent school district to issue bonds to purchase new school buses. Consequently, many school districts are not able to purchase new buses to replace aging fleets or to increase capacity. Older buses emit more pollution and are subject to more breakdowns and increased maintenance costs. House Bill 1488 authorizes school districts to issue bonds to raise the funds to purchase new school buses. 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. ANALYSIS House Bill 1488 authorizes the governing body of an independent school district to issue bonds for the purchase of new school buses. The bill also removes the stipulation that bonds issued by the governing body of an independent school district be negotiable coupon bonds. EFFECTIVE DATE On passage, or if the Act does not receive the necessary vote, the Act takes effect September 1, 2001.