LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 12, 2013 TO: Honorable Garnet Coleman, Chair, House Committee On County Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB571 by Fletcher (Relating to the use of funds of certain municipal hospital authorities.), As Introduced No fiscal implication to the State is anticipated. The bill would add Section 262.0331 to the Health and Safety Code to authorize the board of directors of a hospital authority to use available assets from the sale or closing of a hospital to promote public health and general welfare initiatives to benefit the residents served by the authority. The bill would add Section 262.039 to authorize an authority in a county with a population of 3.3 million or more to invest funds as specified by the provisions of the bill. Based on the applicability criteria, the provision would apply only to Harris County. Local Government Impact There could be a positive fiscal impact to a hospital authority that received funds from the sale or closing of a hospital; however, the amounts would vary depending on the sale proceeds that may be offset by amounts owed. It is assumed that a hospital authority would use available assets to fund public health and welfare initiatives only if sufficient funds were available. According to the analysis by the Texas Association of Local Health Officials, the provisions of the bill are not anticipated to have a fiscal impact. Source Agencies: LBB Staff: UP, KKR, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 12, 2013
TO: Honorable Garnet Coleman, Chair, House Committee On County Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB571 by Fletcher (Relating to the use of funds of certain municipal hospital authorities.), As Introduced
TO: Honorable Garnet Coleman, Chair, House Committee On County Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB571 by Fletcher (Relating to the use of funds of certain municipal hospital authorities.), As Introduced
Honorable Garnet Coleman, Chair, House Committee On County Affairs
Honorable Garnet Coleman, Chair, House Committee On County Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB571 by Fletcher (Relating to the use of funds of certain municipal hospital authorities.), As Introduced
HB571 by Fletcher (Relating to the use of funds of certain municipal hospital authorities.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would add Section 262.0331 to the Health and Safety Code to authorize the board of directors of a hospital authority to use available assets from the sale or closing of a hospital to promote public health and general welfare initiatives to benefit the residents served by the authority. The bill would add Section 262.039 to authorize an authority in a county with a population of 3.3 million or more to invest funds as specified by the provisions of the bill. Based on the applicability criteria, the provision would apply only to Harris County.
Local Government Impact
There could be a positive fiscal impact to a hospital authority that received funds from the sale or closing of a hospital; however, the amounts would vary depending on the sale proceeds that may be offset by amounts owed. It is assumed that a hospital authority would use available assets to fund public health and welfare initiatives only if sufficient funds were available. According to the analysis by the Texas Association of Local Health Officials, the provisions of the bill are not anticipated to have a fiscal impact.
Source Agencies:
LBB Staff: UP, KKR, TP
UP, KKR, TP