LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 13, 2009 TO: Honorable Burt R. Solomons, Chair, House Committee on State Affairs FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB977 by Burnam (Relating to use of the money from the Texas enterprise fund to promote renewable energy technology.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would require at least ten percent of Texas Enterprise grants be used on enterprises that have as their primary purpose the provision of energy derived from renewable energy technology unless the governor determines that compliance with this subsection would be impracticable or would be inconsistent with the purpose and intent of the fund. The bill would also require the governor to submit reports to the legislature regarding these grants. The bill would be effective September 1, 2009. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:301 Office of the Governor LBB Staff: JOB, KJG, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 13, 2009
TO: Honorable Burt R. Solomons, Chair, House Committee on State Affairs FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB977 by Burnam (Relating to use of the money from the Texas enterprise fund to promote renewable energy technology.), Committee Report 1st House, Substituted
TO: Honorable Burt R. Solomons, Chair, House Committee on State Affairs
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB977 by Burnam (Relating to use of the money from the Texas enterprise fund to promote renewable energy technology.), Committee Report 1st House, Substituted
Honorable Burt R. Solomons, Chair, House Committee on State Affairs
Honorable Burt R. Solomons, Chair, House Committee on State Affairs
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB977 by Burnam (Relating to use of the money from the Texas enterprise fund to promote renewable energy technology.), Committee Report 1st House, Substituted
HB977 by Burnam (Relating to use of the money from the Texas enterprise fund to promote renewable energy technology.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require at least ten percent of Texas Enterprise grants be used on enterprises that have as their primary purpose the provision of energy derived from renewable energy technology unless the governor determines that compliance with this subsection would be impracticable or would be inconsistent with the purpose and intent of the fund. The bill would also require the governor to submit reports to the legislature regarding these grants. The bill would be effective September 1, 2009.
The bill would require at least ten percent of Texas Enterprise grants be used on enterprises that have as their primary purpose the provision of energy derived from renewable energy technology unless the governor determines that compliance with this subsection would be impracticable or would be inconsistent with the purpose and intent of the fund. The bill would also require the governor to submit reports to the legislature regarding these grants. The bill would be effective September 1, 2009.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 301 Office of the Governor
301 Office of the Governor
LBB Staff: JOB, KJG, BTA
JOB, KJG, BTA