LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 14, 2011 TO: Honorable Joe Straus, Speaker of the House, House of Representatives FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1840 by Phillips (Relating to the creation and functions of the Texas Grain Producer Indemnity Board. ), As Passed 2nd House No significant fiscal implication to the State is anticipated. The bill would create the Texas Grain Producer Indemnity Board, which would collect assessments from grain buyers to be deposited to a fund that may be held outside the state treasury. This fund would used to pay claims to grain producers who have delivered grain to a grain buyer under certain circumstances. The bill would require the Commissioner of Agriculture to conduct a referendum of grain producers to determine the maximum amount that may be assesses to a grain producer under provisions which would be established by this bill. This analysis assumes any additional work resulting from the passage of the bill could be reasonably absorbed by the Department of Agriculture within current resources. The bill would take effect September 1, 2011. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 551 Department of Agriculture LBB Staff: JOB, SZ, AH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 14, 2011
TO: Honorable Joe Straus, Speaker of the House, House of Representatives FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1840 by Phillips (Relating to the creation and functions of the Texas Grain Producer Indemnity Board. ), As Passed 2nd House
TO: Honorable Joe Straus, Speaker of the House, House of Representatives
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB1840 by Phillips (Relating to the creation and functions of the Texas Grain Producer Indemnity Board. ), As Passed 2nd House
Honorable Joe Straus, Speaker of the House, House of Representatives
Honorable Joe Straus, Speaker of the House, House of Representatives
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB1840 by Phillips (Relating to the creation and functions of the Texas Grain Producer Indemnity Board. ), As Passed 2nd House
HB1840 by Phillips (Relating to the creation and functions of the Texas Grain Producer Indemnity Board. ), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would create the Texas Grain Producer Indemnity Board, which would collect assessments from grain buyers to be deposited to a fund that may be held outside the state treasury. This fund would used to pay claims to grain producers who have delivered grain to a grain buyer under certain circumstances. The bill would require the Commissioner of Agriculture to conduct a referendum of grain producers to determine the maximum amount that may be assesses to a grain producer under provisions which would be established by this bill. This analysis assumes any additional work resulting from the passage of the bill could be reasonably absorbed by the Department of Agriculture within current resources. The bill would take effect September 1, 2011.
The bill would create the Texas Grain Producer Indemnity Board, which would collect assessments from grain buyers to be deposited to a fund that may be held outside the state treasury. This fund would used to pay claims to grain producers who have delivered grain to a grain buyer under certain circumstances.
The bill would require the Commissioner of Agriculture to conduct a referendum of grain producers to determine the maximum amount that may be assesses to a grain producer under provisions which would be established by this bill.
This analysis assumes any additional work resulting from the passage of the bill could be reasonably absorbed by the Department of Agriculture within current resources.
The bill would take effect September 1, 2011.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 551 Department of Agriculture
304 Comptroller of Public Accounts, 551 Department of Agriculture
LBB Staff: JOB, SZ, AH
JOB, SZ, AH