LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 21, 2015 TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2667 by Ashby (Relating to the abolishment of certain programs administered by the Texas Economic Development Bank.), Committee Report 1st House, Substituted Estimated Two-year Net Impact to General Revenue Related Funds for HB2667, Committee Report 1st House, Substituted: a positive impact of $846,024 through the biennium ending August 31, 2017. 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, 84TH LEGISLATIVE REGULAR SESSION
April 21, 2015
TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2667 by Ashby (Relating to the abolishment of certain programs administered by the Texas Economic Development Bank.), Committee Report 1st House, Substituted
TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2667 by Ashby (Relating to the abolishment of certain programs administered by the Texas Economic Development Bank.), Committee Report 1st House, Substituted
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
HB2667 by Ashby (Relating to the abolishment of certain programs administered by the Texas Economic Development Bank.), Committee Report 1st House, Substituted
HB2667 by Ashby (Relating to the abolishment of certain programs administered by the Texas Economic Development Bank.), Committee Report 1st House, Substituted
Estimated Two-year Net Impact to General Revenue Related Funds for HB2667, Committee Report 1st House, Substituted: a positive impact of $846,024 through the biennium ending August 31, 2017. 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 HB2667, Committee Report 1st House, Substituted: a positive impact of $846,024 through the biennium ending August 31, 2017.
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 2016 $846,024 2017 $0 2018 $0 2019 $0 2020 $0
2016 $846,024
2017 $0
2018 $0
2019 $0
2020 $0
All Funds, Five-Year Impact: Fiscal Year Probable Revenue Gain/(Loss) fromGeneral Revenue Fund1 2016 $846,024 2017 $0 2018 $0 2019 $0 2020 $0
Fiscal Year Probable Revenue Gain/(Loss) fromGeneral Revenue Fund1 2016 $846,024 2017 $0 2018 $0 2019 $0 2020 $0
2016 $846,024
2017 $0
2018 $0
2019 $0
2020 $0
Fiscal Analysis
The bill would abolish the Linked Deposit and the Texas Small Business Industrial Development Corporation programs. The bill would transfer all revenue or other money of the Texas Small Business Industrial Development Corporation to the Economic Development Bank. The bill would take effect September 1, 2015.
Methodology
Based on provisions of this bill, fees generated by the Texas Small Business Industrial Development Corporation under Chapter 503, Local Government Code, and deposited outside the state Treasury would be transferred to General Revenue. The Governor's office estimates these fees to be $846,024.
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