LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 20, 2009 TO: Honorable Dan Branch, Chair, House Committee on Higher Education FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2937 by Driver (Relating to higher education student loan repayment assistance for peace officers.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for HB2937, As Introduced: a negative impact of ($7,560,000) through the biennium ending August 31, 2011.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 20, 2009
TO: Honorable Dan Branch, Chair, House Committee on Higher Education FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB2937 by Driver (Relating to higher education student loan repayment assistance for peace officers.), As Introduced
TO: Honorable Dan Branch, Chair, House Committee on Higher Education
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB2937 by Driver (Relating to higher education student loan repayment assistance for peace officers.), As Introduced
Honorable Dan Branch, Chair, House Committee on Higher Education
Honorable Dan Branch, Chair, House Committee on Higher Education
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB2937 by Driver (Relating to higher education student loan repayment assistance for peace officers.), As Introduced
HB2937 by Driver (Relating to higher education student loan repayment assistance for peace officers.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB2937, As Introduced: a negative impact of ($7,560,000) through the biennium ending August 31, 2011.
Estimated Two-year Net Impact to General Revenue Related Funds for HB2937, As Introduced: a negative impact of ($7,560,000) through the biennium ending August 31, 2011.
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2010 ($2,520,000) 2011 ($5,040,000) 2012 ($7,560,000) 2013 ($10,080,000) 2014 ($12,600,000)
2010 ($2,520,000)
2011 ($5,040,000)
2012 ($7,560,000)
2013 ($10,080,000)
2014 ($12,600,000)
All Funds, Five-Year Impact: Fiscal Year Probable (Cost) fromGeneral Revenue Fund1 2010 ($2,520,000) 2011 ($5,040,000) 2012 ($7,560,000) 2013 ($10,080,000) 2014 ($12,600,000)
Fiscal Year Probable (Cost) fromGeneral Revenue Fund1 2010 ($2,520,000) 2011 ($5,040,000) 2012 ($7,560,000) 2013 ($10,080,000) 2014 ($12,600,000)
2010 ($2,520,000)
2011 ($5,040,000)
2012 ($7,560,000)
2013 ($10,080,000)
2014 ($12,600,000)
Fiscal Analysis
Under provisions of the bill, the Higher Education Coordinating Board would create a peace officer loan repayment assistance program. A person that qualifies for the program could receive loan repayment assistance for up to five years. The total amount of the loan could not exceed $20,000.
Methodology
For purposes of this fiscal note it is assumed 630 peace officers would receive loan repayment awards of $4,000 per year beginning in fiscal year 2010. An additional 630 peace officers would be added to the program each year in the subsequent years. Based on these assumptions by fiscal year 2014, 3,150 peace officers would be receiving awards. Costs associated with implementing the program would be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 781 Higher Education Coordinating Board
781 Higher Education Coordinating Board
LBB Staff: JOB, GO, KK, RT
JOB, GO, KK, RT