LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 30, 2015 TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1506 by Villalba (Relating to the transfer of a portion of certain money in the Texas emerging technology fund to the Texas Enterprise Fund.), As Introduced No significant fiscal implication to the State is anticipated. The bill would transfer a portion of unappropriated and unencumbered balances (estimated to be $46,000,000) in the Texas Emerging Technology Fund to the Texas Enterprise Fund. The bill would take effect immediately upon receiving two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2015. The Office of the Governor and the Comptroller of Public Accounts indicate that any costs associated with implementation of the bill could be absorbed within existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:301 Office of the Governor, 304 Comptroller of Public Accounts LBB Staff: UP, CL, EP, LBe
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 30, 2015
TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1506 by Villalba (Relating to the transfer of a portion of certain money in the Texas emerging technology fund to the Texas Enterprise Fund.), As Introduced
TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1506 by Villalba (Relating to the transfer of a portion of certain money in the Texas emerging technology fund to the Texas Enterprise Fund.), As Introduced
Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development
Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1506 by Villalba (Relating to the transfer of a portion of certain money in the Texas emerging technology fund to the Texas Enterprise Fund.), As Introduced
HB1506 by Villalba (Relating to the transfer of a portion of certain money in the Texas emerging technology fund to the Texas Enterprise Fund.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would transfer a portion of unappropriated and unencumbered balances (estimated to be $46,000,000) in the Texas Emerging Technology Fund to the Texas Enterprise Fund. The bill would take effect immediately upon receiving two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2015. The Office of the Governor and the Comptroller of Public Accounts indicate that any costs associated with implementation of the bill could be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 301 Office of the Governor, 304 Comptroller of Public Accounts
301 Office of the Governor, 304 Comptroller of Public Accounts
LBB Staff: UP, CL, EP, LBe
UP, CL, EP, LBe