LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 19, 2009 TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB2355 by Hinojosa (Relating to the creation of the pipeline safety fund.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for SB2355, As Introduced: a negative impact of ($5,000,000) 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
April 19, 2009
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB2355 by Hinojosa (Relating to the creation of the pipeline safety fund.), As Introduced
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB2355 by Hinojosa (Relating to the creation of the pipeline safety fund.), As Introduced
Honorable Steve Ogden, Chair, Senate Committee on Finance
Honorable Steve Ogden, Chair, Senate Committee on Finance
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB2355 by Hinojosa (Relating to the creation of the pipeline safety fund.), As Introduced
SB2355 by Hinojosa (Relating to the creation of the pipeline safety fund.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for SB2355, As Introduced: a negative impact of ($5,000,000) 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 SB2355, As Introduced: a negative impact of ($5,000,000) 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 ($2,500,000) 2011 ($2,500,000) 2012 ($2,500,000) 2013 ($2,500,000) 2014 ($2,500,000)
2010 ($2,500,000)
2011 ($2,500,000)
2012 ($2,500,000)
2013 ($2,500,000)
2014 ($2,500,000)
All Funds, Five-Year Impact: Fiscal Year Probable Revenue Gain/(Loss) fromGeneral Revenue Fund1 Probable Revenue Gain/(Loss) fromNew General Revenue Dedicated--Pipeline Safety Account 2010 ($2,500,000) $2,500,000 2011 ($2,500,000) $2,500,000 2012 ($2,500,000) $2,500,000 2013 ($2,500,000) $2,500,000 2014 ($2,500,000) $2,500,000
Fiscal Year Probable Revenue Gain/(Loss) fromGeneral Revenue Fund1 Probable Revenue Gain/(Loss) fromNew General Revenue Dedicated--Pipeline Safety Account 2010 ($2,500,000) $2,500,000 2011 ($2,500,000) $2,500,000 2012 ($2,500,000) $2,500,000 2013 ($2,500,000) $2,500,000 2014 ($2,500,000) $2,500,000
2010 ($2,500,000) $2,500,000
2011 ($2,500,000) $2,500,000
2012 ($2,500,000) $2,500,000
2013 ($2,500,000) $2,500,000
2014 ($2,500,000) $2,500,000
Fiscal Analysis
The bill would create a new General Revenue Dedicated account, the Pipeline Safety Account. The account would consist of pipeline safety fees, administrative, civil and criminal penalties, and settlements. Money in the account could only be appropriated to the Railroad Commission (RRC) for the implementation and enforcement of the pipeline safety standards and practices. The bill would repeal Utilities Code, Section 121.211(h), which currently directs the deposits of pipeline safety fees to the General Revenue Fund. The bill would take effect September 1, 2009.
The bill would create a new General Revenue Dedicated account, the Pipeline Safety Account. The account would consist of pipeline safety fees, administrative, civil and criminal penalties, and settlements. Money in the account could only be appropriated to the Railroad Commission (RRC) for the implementation and enforcement of the pipeline safety standards and practices. The bill would repeal Utilities Code, Section 121.211(h), which currently directs the deposits of pipeline safety fees to the General Revenue Fund.
The bill would take effect September 1, 2009.
Methodology
Fees and penalties related to pipeline safety were provided by the Comptroller of Public Accounts and estimated based on the 2010-2011 Biennial Revenue Estimate. These estimated amounts ($2.5 million per fiscal year) represent the loss to the General Revenue Fund and the gain to the newly- created Pipeline Safety Account that would result upon passage of the bill.
Fees and penalties related to pipeline safety were provided by the Comptroller of Public Accounts and estimated based on the 2010-2011 Biennial Revenue Estimate. These estimated amounts ($2.5 million per fiscal year) represent the loss to the General Revenue Fund and the gain to the newly- created Pipeline Safety Account that would result upon passage of the bill.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 302 Office of the Attorney General, 304 Comptroller of Public Accounts, 455 Railroad Commission
302 Office of the Attorney General, 304 Comptroller of Public Accounts, 455 Railroad Commission
LBB Staff: JOB, MN, ZS, TL
JOB, MN, ZS, TL