LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 6, 2009 TO: Honorable Craig Estes, Chair, Senate Committee on Agriculture & Rural Affairs FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB684 by Lucio (Relating to the establishment of the Texas Rural Development Fund and to the establishment, operation, and funding of certain programs for rural economic development.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend statute to create the GR AccountTexas Rural Development and to require the Office of Rural Community Affairs (ORCA) to create the following programs: Rural Entrepreneurship and Business Innovation; Rural Area Regional Planning and Implementation Matching Grant; Rural Capacity and Leadership Enhancement; Rural Community Asset Study Matching Grant; Texas Rural Youth Corps; and Rural Wealth Creation and Retention. The bill would would create a new Texas Rural Development Fund as an account in the General Revenue Fund and would specify how it would be funded and how the fund could be used. The bill would establish that sources of funding for the newly created fund would include legislative appropriations and any gifts, grants, donations, and matching funds received by ORCA . The bill would make implementation of the program contingent on appropriation of funding by the Legislature and would require ORCA to develop rules for the program no later than March 1, 2010. The 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, 357 Office of Rural Community Affairs, 781 Higher Education Coordinating Board LBB Staff: JOB, WK, MW, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 6, 2009
TO: Honorable Craig Estes, Chair, Senate Committee on Agriculture & Rural Affairs FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB684 by Lucio (Relating to the establishment of the Texas Rural Development Fund and to the establishment, operation, and funding of certain programs for rural economic development.), As Introduced
TO: Honorable Craig Estes, Chair, Senate Committee on Agriculture & Rural Affairs
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB684 by Lucio (Relating to the establishment of the Texas Rural Development Fund and to the establishment, operation, and funding of certain programs for rural economic development.), As Introduced
Honorable Craig Estes, Chair, Senate Committee on Agriculture & Rural Affairs
Honorable Craig Estes, Chair, Senate Committee on Agriculture & Rural Affairs
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB684 by Lucio (Relating to the establishment of the Texas Rural Development Fund and to the establishment, operation, and funding of certain programs for rural economic development.), As Introduced
SB684 by Lucio (Relating to the establishment of the Texas Rural Development Fund and to the establishment, operation, and funding of certain programs for rural economic development.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend statute to create the GR AccountTexas Rural Development and to require the Office of Rural Community Affairs (ORCA) to create the following programs: Rural Entrepreneurship and Business Innovation; Rural Area Regional Planning and Implementation Matching Grant; Rural Capacity and Leadership Enhancement; Rural Community Asset Study Matching Grant; Texas Rural Youth Corps; and Rural Wealth Creation and Retention. The bill would would create a new Texas Rural Development Fund as an account in the General Revenue Fund and would specify how it would be funded and how the fund could be used. The bill would establish that sources of funding for the newly created fund would include legislative appropriations and any gifts, grants, donations, and matching funds received by ORCA . The bill would make implementation of the program contingent on appropriation of funding by the Legislature and would require ORCA to develop rules for the program no later than March 1, 2010. The 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.
The bill would amend statute to create the GR AccountTexas Rural Development and to require the Office of Rural Community Affairs (ORCA) to create the following programs: Rural Entrepreneurship and Business Innovation; Rural Area Regional Planning and Implementation Matching Grant; Rural Capacity and Leadership Enhancement; Rural Community Asset Study Matching Grant; Texas Rural Youth Corps; and Rural Wealth Creation and Retention.
The bill would would create a new Texas Rural Development Fund as an account in the General Revenue Fund and would specify how it would be funded and how the fund could be used. The bill would establish that sources of funding for the newly created fund would include legislative appropriations and any gifts, grants, donations, and matching funds received by ORCA .
The bill would make implementation of the program contingent on appropriation of funding by the Legislature and would require ORCA to develop rules for the program no later than March 1, 2010.
The 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, 357 Office of Rural Community Affairs, 781 Higher Education Coordinating Board
304 Comptroller of Public Accounts, 357 Office of Rural Community Affairs, 781 Higher Education Coordinating Board
LBB Staff: JOB, WK, MW, CH
JOB, WK, MW, CH