LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 4, 2011 TO: Honorable Dan Branch, Chair, House Committee on Higher Education FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB145 by Hinojosa (Relating to student loan repayment assistance for nurses employed as faculty members at certain institutions of higher education.), As Engrossed Estimated Two-year Net Impact to General Revenue Related Funds for SB145, As Engrossed: an impact of $0 through the biennium ending August 31, 2013. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 4, 2011
TO: Honorable Dan Branch, Chair, House Committee on Higher Education FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB145 by Hinojosa (Relating to student loan repayment assistance for nurses employed as faculty members at certain institutions of higher education.), As Engrossed
TO: Honorable Dan Branch, Chair, House Committee on Higher Education
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB145 by Hinojosa (Relating to student loan repayment assistance for nurses employed as faculty members at certain institutions of higher education.), As Engrossed
Honorable Dan Branch, Chair, House Committee on Higher Education
Honorable Dan Branch, Chair, House Committee on Higher Education
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB145 by Hinojosa (Relating to student loan repayment assistance for nurses employed as faculty members at certain institutions of higher education.), As Engrossed
SB145 by Hinojosa (Relating to student loan repayment assistance for nurses employed as faculty members at certain institutions of higher education.), As Engrossed
Estimated Two-year Net Impact to General Revenue Related Funds for SB145, As Engrossed: an impact of $0 through the biennium ending August 31, 2013. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Estimated Two-year Net Impact to General Revenue Related Funds for SB145, As Engrossed: an impact of $0 through the biennium ending August 31, 2013.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five-Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds 2012 $0 2013 $0 2014 $0 2015 $0 2016 $0
2012 $0
2013 $0
2014 $0
2015 $0
2016 $0
All Funds, Five-Year Impact: Fiscal Year Probable Savings/(Cost) fromPhysician Ed. Loan Repayment5144 2012 ($250,000) 2013 ($250,000) 2014 ($250,000) 2015 ($250,000) 2016 ($250,000)
Fiscal Year Probable Savings/(Cost) fromPhysician Ed. Loan Repayment5144 2012 ($250,000) 2013 ($250,000) 2014 ($250,000) 2015 ($250,000) 2016 ($250,000)
2012 ($250,000)
2013 ($250,000)
2014 ($250,000)
2015 ($250,000)
2016 ($250,000)
Fiscal Analysis
The bill would create a new nursing faculty loan repayment assistance program administered by the Higher Education Coordinating Board. To be eligible to receive loan repayment assistance, a nurse must apply to the Higher Education Coordinating Board, at the time of application for repayment assistance, have been employed full-time as a faculty member of a nursing degree program at an institution of higher education or a private or independent institution of higher education and comply with any additional requirements adopted by board rule. The amount of loan repayment assistance could not exceed $5,000 per year. Under provisions of the bill, the Higher Education Coordinating Board would reallocate any money under the physician education loan repayment program that exceeds the amounts necessary in that fiscal year for purposes of supporting up to 50 eligible applicants in the new program.
Methodology
For purposes of this fiscal note, the costs associated with the loan repayment amount are based on the maximum number of recipients, 50, times the maximum award amount of $5,000. Since this program is tied to the physician loan repayment program which is funded by the general revenue-dedicated account 5144, these costs are shown in the table above as general revenue-dedicated funds. Administrative costs associated with implementing provisions of the bill would be absorbed within existing resources.
For purposes of this fiscal note, the costs associated with the loan repayment amount are based on the maximum number of recipients, 50, times the maximum award amount of $5,000. Since this program is tied to the physician loan repayment program which is funded by the general revenue-dedicated account 5144, these costs are shown in the table above as general revenue-dedicated funds.
Administrative costs associated with implementing provisions of the bill would be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 781 Higher Education Coordinating Board
781 Higher Education Coordinating Board
LBB Staff: JOB, KK, RT, GO, SD
JOB, KK, RT, GO, SD