LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 22, 2011 TO: Honorable Mike Jackson, Chair, Senate Committee on Economic Development FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1175 by Jackson (Relating to the prior approval of an award of money from the Texas Enterprise Fund and the Texas emerging technology fund.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Government Code and provide that grants and awards from the Texas Enterprise Fund and the Emerging Technology Fund are considered approved by the Lieutenant Governor or the Speaker of the House if those officers do not disapprove the proposal to award funds before the 91st day after the date of receipt of the proposal from the Governor. The Lieutenant Governor or the Speaker of the House may extend the review deadline for an additional 14 days by submitting a written notice to the Governor before the expiration of the initial review period. It is anticipated that any additional costs associated with implementation of the legislation could be absorbed within existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:300 Trusteed Programs Within the Office of the Governor, 301 Office of the Governor LBB Staff: JOB, AG, JM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 22, 2011
TO: Honorable Mike Jackson, Chair, Senate Committee on Economic Development FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1175 by Jackson (Relating to the prior approval of an award of money from the Texas Enterprise Fund and the Texas emerging technology fund.), As Introduced
TO: Honorable Mike Jackson, Chair, Senate Committee on Economic Development
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1175 by Jackson (Relating to the prior approval of an award of money from the Texas Enterprise Fund and the Texas emerging technology fund.), As Introduced
Honorable Mike Jackson, Chair, Senate Committee on Economic Development
Honorable Mike Jackson, Chair, Senate Committee on Economic Development
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB1175 by Jackson (Relating to the prior approval of an award of money from the Texas Enterprise Fund and the Texas emerging technology fund.), As Introduced
SB1175 by Jackson (Relating to the prior approval of an award of money from the Texas Enterprise Fund and the Texas emerging technology fund.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code and provide that grants and awards from the Texas Enterprise Fund and the Emerging Technology Fund are considered approved by the Lieutenant Governor or the Speaker of the House if those officers do not disapprove the proposal to award funds before the 91st day after the date of receipt of the proposal from the Governor. The Lieutenant Governor or the Speaker of the House may extend the review deadline for an additional 14 days by submitting a written notice to the Governor before the expiration of the initial review period. It is anticipated that any additional costs associated with implementation of the legislation could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 300 Trusteed Programs Within the Office of the Governor, 301 Office of the Governor
300 Trusteed Programs Within the Office of the Governor, 301 Office of the Governor
LBB Staff: JOB, AG, JM
JOB, AG, JM