LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 26, 2009 TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB542 by Watson (Relating to the use of money from the Texas emerging technology fund for the research and development of clean energy.), As Introduced No significant fiscal implication to the State is anticipated. The bill would require all money distributed from the Texas Emerging Technology Fund during fiscal years 2010 and 2011 to be used for research and development of certain clean energy less amounts awarded for biotechnology, medicine, life sciences, and amounts necessary to administer the fund. This section would expire January 1, 2012. The bill would be effective immediately if it receives a vote of two-thirds or on 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, JRO, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 26, 2009
TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB542 by Watson (Relating to the use of money from the Texas emerging technology fund for the research and development of clean energy.), As Introduced
TO: Honorable Chris Harris, Chair, Senate Committee on Economic Development
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB542 by Watson (Relating to the use of money from the Texas emerging technology fund for the research and development of clean energy.), As Introduced
Honorable Chris Harris, Chair, Senate Committee on Economic Development
Honorable Chris Harris, Chair, Senate Committee on Economic Development
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB542 by Watson (Relating to the use of money from the Texas emerging technology fund for the research and development of clean energy.), As Introduced
SB542 by Watson (Relating to the use of money from the Texas emerging technology fund for the research and development of clean energy.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require all money distributed from the Texas Emerging Technology Fund during fiscal years 2010 and 2011 to be used for research and development of certain clean energy less amounts awarded for biotechnology, medicine, life sciences, and amounts necessary to administer the fund. This section would expire January 1, 2012. The bill would be effective immediately if it receives a vote of two-thirds or on September 1, 2009.
The bill would require all money distributed from the Texas Emerging Technology Fund during fiscal years 2010 and 2011 to be used for research and development of certain clean energy less amounts awarded for biotechnology, medicine, life sciences, and amounts necessary to administer the fund. This section would expire January 1, 2012. The bill would be effective immediately if it receives a vote of two-thirds or on 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, JRO, BTA
JOB, JRO, BTA