LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 5, 2011 TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB275 by Pitts (Relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), As Engrossed Estimated Two-year Net Impact to General Revenue Related Funds for HB275, As Engrossed: a positive impact of $3,117,661,120 through the biennium ending August 31, 2013.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 5, 2011
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB275 by Pitts (Relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), As Engrossed
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB275 by Pitts (Relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), As Engrossed
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
HB275 by Pitts (Relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), As Engrossed
HB275 by Pitts (Relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), As Engrossed
Estimated Two-year Net Impact to General Revenue Related Funds for HB275, As Engrossed: a positive impact of $3,117,661,120 through the biennium ending August 31, 2013.
Estimated Two-year Net Impact to General Revenue Related Funds for HB275, As Engrossed: a positive impact of $3,117,661,120 through the biennium ending August 31, 2013.
Appropriations: Fiscal Year Appropriation out ofEconomic Stabilization Fund599 2011 $3,117,661,120 2012 $0 General Revenue-Related Funds, Two-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2011 $0 2012 $0 General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2011 $3,117,661,120 2012 $0 2013 $0 2014 $0 2015 $0 All Funds, Five-Year Impact: Fiscal Year Probable Savings fromGeneral Revenue Fund1 Probable (Cost) fromEconomic Stabilization Fund599 2011 $3,117,661,120 ($3,117,661,120) 2012 $0 $0 2013 $0 $0 2014 $0 $0 2015 $0 $0 Fiscal Analysis The bill would appropriate $3,117,661,120 from the Economic Stabilization Fund for the purpose of eliminating the projected negative 2010-11 ending balance of the General Revenue Fund. Subject to Section 49-g(k), Article III of the Texas Constitution, the bill would take effect only if it receives a vote of three fifths of the members present in each house of the legislature. The bill would take effect only if H.B. No. 4, 82nd Legislature, Regular Session, 2011, or another Act of the 82nd Legislature substantially similar in effect to that legislation, is enacted and becomes law. This bill would take effect July 1, 2011. Methodology The bill would appropriate $3,117,661,120 from the Economic Stabilization Fund to the General Revenue Fund.
Fiscal Year Appropriation out ofEconomic Stabilization Fund599 2011 $3,117,661,120 2012 $0
2011 $3,117,661,120
2012 $0
General Revenue-Related Funds, Two-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2011 $0 2012 $0
2011 $0
2012 $0
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2011 $3,117,661,120 2012 $0 2013 $0 2014 $0 2015 $0
2011 $3,117,661,120
2012 $0
2013 $0
2014 $0
2015 $0
All Funds, Five-Year Impact: Fiscal Year Probable Savings fromGeneral Revenue Fund1 Probable (Cost) fromEconomic Stabilization Fund599 2011 $3,117,661,120 ($3,117,661,120) 2012 $0 $0 2013 $0 $0 2014 $0 $0 2015 $0 $0
Fiscal Year Probable Savings fromGeneral Revenue Fund1 Probable (Cost) fromEconomic Stabilization Fund599 2011 $3,117,661,120 ($3,117,661,120) 2012 $0 $0 2013 $0 $0 2014 $0 $0 2015 $0 $0
2011 $3,117,661,120 ($3,117,661,120)
2012 $0 $0
2013 $0 $0
2014 $0 $0
2015 $0 $0
Fiscal Analysis
The bill would appropriate $3,117,661,120 from the Economic Stabilization Fund for the purpose of eliminating the projected negative 2010-11 ending balance of the General Revenue Fund. Subject to Section 49-g(k), Article III of the Texas Constitution, the bill would take effect only if it receives a vote of three fifths of the members present in each house of the legislature. The bill would take effect only if H.B. No. 4, 82nd Legislature, Regular Session, 2011, or another Act of the 82nd Legislature substantially similar in effect to that legislation, is enacted and becomes law. This bill would take effect July 1, 2011.
The bill would appropriate $3,117,661,120 from the Economic Stabilization Fund for the purpose of eliminating the projected negative 2010-11 ending balance of the General Revenue Fund. Subject to Section 49-g(k), Article III of the Texas Constitution, the bill would take effect only if it receives a vote of three fifths of the members present in each house of the legislature.
The bill would take effect only if H.B. No. 4, 82nd Legislature, Regular Session, 2011, or another Act of the 82nd Legislature substantially similar in effect to that legislation, is enacted and becomes law.
This bill would take effect July 1, 2011.
Methodology
The bill would appropriate $3,117,661,120 from the Economic Stabilization Fund to the General Revenue Fund.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, KK, SD
JOB, KK, SD