LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 23, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2919 by Raney (Relating to an energy efficiency pilot program for state-owned buildings operated by the Texas Facilities Commission.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would create an energy efficiency pilot program for state-owned buildings. The Energy Systems Laboratory at the Texas A&M Engineering Experiment Station, in consultation with Texas Facilities Commission (TFC) and the State Energy Conservation Office (SECO) of the Comptroller's Office, would establish and implement the program in which SECO makes or guarantees loans to finance energy efficiency improvements and the utility savings from those improvements generate a 30 percent return on the cost of those improvements. Texas A&M Engineering Experiment Station, TFC, and SECO indicated that the provisions of the bill could be implemented within existing resources.According to SECO, funding for the program would be provided through the LoanSTAR (Saving Taxes and Resources) revolving loan program. Utility savings would vary on a project-by-project basis and would be used to pay back the LoanSTAR loan. Utility savings after the loan is repaid could only be appropriated to the governmental entity that owns the building and cannot be estimated, as it would be project dependent. The bill would take effect immediately if it receives a vote of two-thirds of all the members elected to each house. Otherwise, the bill takes effect September 1, 2015. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:303 Facilities Commission, 304 Comptroller of Public Accounts, 712 Texas A&M Engineering Experiment Station LBB Staff: UP, CL, JJ, PM, SZ
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 23, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2919 by Raney (Relating to an energy efficiency pilot program for state-owned buildings operated by the Texas Facilities Commission.), As Engrossed
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2919 by Raney (Relating to an energy efficiency pilot program for state-owned buildings operated by the Texas Facilities Commission.), As Engrossed
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2919 by Raney (Relating to an energy efficiency pilot program for state-owned buildings operated by the Texas Facilities Commission.), As Engrossed
HB2919 by Raney (Relating to an energy efficiency pilot program for state-owned buildings operated by the Texas Facilities Commission.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would create an energy efficiency pilot program for state-owned buildings. The Energy Systems Laboratory at the Texas A&M Engineering Experiment Station, in consultation with Texas Facilities Commission (TFC) and the State Energy Conservation Office (SECO) of the Comptroller's Office, would establish and implement the program in which SECO makes or guarantees loans to finance energy efficiency improvements and the utility savings from those improvements generate a 30 percent return on the cost of those improvements. Texas A&M Engineering Experiment Station, TFC, and SECO indicated that the provisions of the bill could be implemented within existing resources.According to SECO, funding for the program would be provided through the LoanSTAR (Saving Taxes and Resources) revolving loan program. Utility savings would vary on a project-by-project basis and would be used to pay back the LoanSTAR loan. Utility savings after the loan is repaid could only be appropriated to the governmental entity that owns the building and cannot be estimated, as it would be project dependent. The bill would take effect immediately if it receives a vote of two-thirds of all the members elected to each house. Otherwise, the bill takes effect September 1, 2015.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 303 Facilities Commission, 304 Comptroller of Public Accounts, 712 Texas A&M Engineering Experiment Station
303 Facilities Commission, 304 Comptroller of Public Accounts, 712 Texas A&M Engineering Experiment Station
LBB Staff: UP, CL, JJ, PM, SZ
UP, CL, JJ, PM, SZ