LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 19, 2013 TO: Honorable Leticia Van De Putte, Chair, Senate Committee On Veteran Affairs & Military Installations FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1476 by West (Relating to the creation of the veteran entrepreneur program by the Texas Veterans Commission.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for SB1476, As Introduced: a negative impact of ($437,118) through the biennium ending August 31, 2015. 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, 83RD LEGISLATIVE REGULAR SESSION
March 19, 2013
TO: Honorable Leticia Van De Putte, Chair, Senate Committee On Veteran Affairs & Military Installations FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1476 by West (Relating to the creation of the veteran entrepreneur program by the Texas Veterans Commission.), As Introduced
TO: Honorable Leticia Van De Putte, Chair, Senate Committee On Veteran Affairs & Military Installations
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1476 by West (Relating to the creation of the veteran entrepreneur program by the Texas Veterans Commission.), As Introduced
Honorable Leticia Van De Putte, Chair, Senate Committee On Veteran Affairs & Military Installations
Honorable Leticia Van De Putte, Chair, Senate Committee On Veteran Affairs & Military Installations
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1476 by West (Relating to the creation of the veteran entrepreneur program by the Texas Veterans Commission.), As Introduced
SB1476 by West (Relating to the creation of the veteran entrepreneur program by the Texas Veterans Commission.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for SB1476, As Introduced: a negative impact of ($437,118) through the biennium ending August 31, 2015. 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 SB1476, As Introduced: a negative impact of ($437,118) through the biennium ending August 31, 2015.
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 2014 ($224,871) 2015 ($212,247) 2016 ($212,247) 2017 ($212,247) 2018 ($212,247)
2014 ($224,871)
2015 ($212,247)
2016 ($212,247)
2017 ($212,247)
2018 ($212,247)
All Funds, Five-Year Impact: Fiscal Year Probable Savings/(Cost) fromGeneral Revenue Fund1 Change in Number of State Employees from FY 2011 2014 ($224,871) 3.0 2015 ($212,247) 3.0 2016 ($212,247) 3.0 2017 ($212,247) 3.0 2018 ($212,247) 3.0
Fiscal Year Probable Savings/(Cost) fromGeneral Revenue Fund1 Change in Number of State Employees from FY 2011 2014 ($224,871) 3.0 2015 ($212,247) 3.0 2016 ($212,247) 3.0 2017 ($212,247) 3.0 2018 ($212,247) 3.0
2014 ($224,871) 3.0
2015 ($212,247) 3.0
2016 ($212,247) 3.0
2017 ($212,247) 3.0
2018 ($212,247) 3.0
Fiscal Analysis
The bill would amend the Government Code to require the Texas Veterans Commission (TVC) establish and implement the Veteran Entrepreneur Program to promote veteran entrepreneurship and business ownership. The bill would also require the TVC to make policy recommendations at the local, state, and national level to address issues affecting veterans entrepreneurship and business ownership.
Methodology
It is assumed that TVC would require 3.0 new full-time equivalent (FTE) positions to operate the program totaling $135,000 out of the General Revenue Fund for salaries and wages each fiscal year. Benefit costs associated with those positions, and appropriated to the Employee Retirement System, would total $40,149 out of the General Revenue Fund each fiscal year. In addition, $12,207 out of the General Revenue Fund would be needed each fiscal year for other personnel costs. Travel related expenses for staff to attend meetings and training seminars would total $12,000 out of the General Revenue Fund each fiscal year. On-going operating costs, such as consumable supplies, would be $12,891 out of the General Revenue Fund each remaining fiscal year. A one-time cost in fiscal year 2014 totaling $6,654 out of the General Revenue Fund would be required for telephones, desks, and other office equipment. An additional one-time cost of $5,970 in fiscal year 2014 would be required to print brochures and other materials to promote the program. The bill would take effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. Otherwise, the bill would take September 1, 2013.
It is assumed that TVC would require 3.0 new full-time equivalent (FTE) positions to operate the program totaling $135,000 out of the General Revenue Fund for salaries and wages each fiscal year. Benefit costs associated with those positions, and appropriated to the Employee Retirement System, would total $40,149 out of the General Revenue Fund each fiscal year. In addition, $12,207 out of the General Revenue Fund would be needed each fiscal year for other personnel costs. Travel related expenses for staff to attend meetings and training seminars would total $12,000 out of the General Revenue Fund each fiscal year. On-going operating costs, such as consumable supplies, would be $12,891 out of the General Revenue Fund each remaining fiscal year. A one-time cost in fiscal year 2014 totaling $6,654 out of the General Revenue Fund would be required for telephones, desks, and other office equipment. An additional one-time cost of $5,970 in fiscal year 2014 would be required to print brochures and other materials to promote the program.
The bill would take effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. Otherwise, the bill would take September 1, 2013.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 403 Veterans Commission
403 Veterans Commission
LBB Staff: UP, KJo, EP, JM, KK
UP, KJo, EP, JM, KK