LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION Revision 1 May 23, 2009 TO: Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1935 by Villarreal (relating to the establishment of the Jobs and Education for Texans (JET) Grant Program to support adult and postsecondary education and workforce development.), Committee Report 2nd House, Substituted Estimated Two-year Net Impact to General Revenue Related Funds for HB1935, Committee Report 2nd House, Substituted: a negative impact of ($25,000,000) through the biennium ending August 31, 2011. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
Revision 1
May 23, 2009
Revision 1
Revision 1
TO: Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1935 by Villarreal (relating to the establishment of the Jobs and Education for Texans (JET) Grant Program to support adult and postsecondary education and workforce development.), Committee Report 2nd House, Substituted
TO: Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1935 by Villarreal (relating to the establishment of the Jobs and Education for Texans (JET) Grant Program to support adult and postsecondary education and workforce development.), Committee Report 2nd House, Substituted
Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education
Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB1935 by Villarreal (relating to the establishment of the Jobs and Education for Texans (JET) Grant Program to support adult and postsecondary education and workforce development.), Committee Report 2nd House, Substituted
HB1935 by Villarreal (relating to the establishment of the Jobs and Education for Texans (JET) Grant Program to support adult and postsecondary education and workforce development.), Committee Report 2nd House, Substituted
Estimated Two-year Net Impact to General Revenue Related Funds for HB1935, Committee Report 2nd House, Substituted: a negative impact of ($25,000,000) through the biennium ending August 31, 2011. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Estimated Two-year Net Impact to General Revenue Related Funds for HB1935, Committee Report 2nd House, Substituted: a negative impact of ($25,000,000) through the biennium ending August 31, 2011.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2010 ($12,500,000) 2011 ($12,500,000) 2012 ($12,500,000) 2013 ($12,500,000) 2014 ($12,500,000)
2010 ($12,500,000)
2011 ($12,500,000)
2012 ($12,500,000)
2013 ($12,500,000)
2014 ($12,500,000)
All Funds, Five-Year Impact: Fiscal Year Probable Savings/(Cost) fromGeneral Revenue Fund1 2010 ($12,500,000) 2011 ($12,500,000) 2012 ($12,500,000) 2013 ($12,500,000) 2014 ($12,500,000)
Fiscal Year Probable Savings/(Cost) fromGeneral Revenue Fund1 2010 ($12,500,000) 2011 ($12,500,000) 2012 ($12,500,000) 2013 ($12,500,000) 2014 ($12,500,000)
2010 ($12,500,000)
2011 ($12,500,000)
2012 ($12,500,000)
2013 ($12,500,000)
2014 ($12,500,000)
Fiscal Analysis
The bill would amend statute and create the Jobs and Education for Texans Fund and provide that the Comptroller of Public Accounts (CPA) establish and administer the Jobs and Education for Texans (JET) Grant program to provide grants to public junior colleges and public technical institutes, and would establish and administer the GR Dedicated AccountJobs and Education for Texans (JET) Fund, which could receive legislative appropriations, interest earnings, gifts, grants, and donations from public and private sources for facilitating this program. The bill would authorize the Comptroller to award grants for innovative and successful programs, grants for career and technical education programs, and scholarships for public junior college or public technical institute students. In addition, the bill would create an advisory board to assist the CPA in administering the program and provide that the CPA conduct a feasibility study.
Methodology
For purposes of this fiscal note it is assumed that the legislature would appropriate, in the General Appropriations Act, $12,500,000 per year for the Jobs and Education for Texans Grant program. Any costs associated with administration of the program, creation of the advisory board, and conducting the feasibility study could be absorbed within existing resources. This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either with or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
For purposes of this fiscal note it is assumed that the legislature would appropriate, in the General Appropriations Act, $12,500,000 per year for the Jobs and Education for Texans Grant program. Any costs associated with administration of the program, creation of the advisory board, and conducting the feasibility study could be absorbed within existing resources.
This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either with or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 781 Higher Education Coordinating Board
304 Comptroller of Public Accounts, 781 Higher Education Coordinating Board
LBB Staff: JOB, KK, JM, JRO, SD, RT, GO
JOB, KK, JM, JRO, SD, RT, GO