LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 25, 2015 TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3613 by Isaac (Relating to a Pan American Games trust fund, an Olympic Games trust fund, a Major Events trust fund, a Motor Sports Racing trust fund, an Events trust fund for sporting and non-sporting events, and a Special Event trust fund.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Vernon's Texas Civil Statutes and Local Government Code relating to the Pan American Games trust fund, Olympic Games trust fund, Major Events trust fund, Motor Sports Racing trust fund, Events trust fund for sporting and non-sporting events, and Special Event trust fund. The bill would repeal and eliminate the Special Events trust fund, and transfer the administration of the Pan American Games trust fund, Olympic Games trust fund, Major Events trust fund, Motor Sports Racing trust fund, and Events trust fund for sporting and non-Sporting Events from the Comptroller of Public Accounts to the Office of the Governor. The bill would take effect September 1, 2015. The Comptroller of Public Accounts and Office of the Governor indicated that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished within each agency's existing resources. Local Government Impact No 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 25, 2015
TO: Honorable Angie Chen Button, Chair, House Committee on Economic & Small Business Development FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3613 by Isaac (Relating to a Pan American Games trust fund, an Olympic Games trust fund, a Major Events trust fund, a Motor Sports Racing trust fund, an Events trust fund for sporting and non-sporting events, and a Special Event trust 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: HB3613 by Isaac (Relating to a Pan American Games trust fund, an Olympic Games trust fund, a Major Events trust fund, a Motor Sports Racing trust fund, an Events trust fund for sporting and non-sporting events, and a Special Event trust 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
HB3613 by Isaac (Relating to a Pan American Games trust fund, an Olympic Games trust fund, a Major Events trust fund, a Motor Sports Racing trust fund, an Events trust fund for sporting and non-sporting events, and a Special Event trust fund.), As Introduced
HB3613 by Isaac (Relating to a Pan American Games trust fund, an Olympic Games trust fund, a Major Events trust fund, a Motor Sports Racing trust fund, an Events trust fund for sporting and non-sporting events, and a Special Event trust fund.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Vernon's Texas Civil Statutes and Local Government Code relating to the Pan American Games trust fund, Olympic Games trust fund, Major Events trust fund, Motor Sports Racing trust fund, Events trust fund for sporting and non-sporting events, and Special Event trust fund. The bill would repeal and eliminate the Special Events trust fund, and transfer the administration of the Pan American Games trust fund, Olympic Games trust fund, Major Events trust fund, Motor Sports Racing trust fund, and Events trust fund for sporting and non-Sporting Events from the Comptroller of Public Accounts to the Office of the Governor. The bill would take effect September 1, 2015. The Comptroller of Public Accounts and Office of the Governor indicated that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished within each agency's existing resources.
Local Government Impact
No 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