LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 29, 2015 TO: Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1099 by Estes (Relating to the operation and functions of the Texas Grain Producer Indemnity Board.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Agriculture code relating to the operation and functions of the Texas Grain Producer Indemnity Board. The bill would create a trust fund outside the state treasury to be administered by the board for certain claims against a grain buyer, with other conditions as described, including minimum balances and assessment rebates. The bill would authorize the board to purchase reinsurance to mitigate financial risks. Both the Texas Department of Agriculture and the Comptroller of Public Accounts indicate bill provisions could reasonably be absorbed within each agency's current resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 551 Department of Agriculture LBB Staff: UP, SZ, TB
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 29, 2015
TO: Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1099 by Estes (Relating to the operation and functions of the Texas Grain Producer Indemnity Board.), As Introduced
TO: Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1099 by Estes (Relating to the operation and functions of the Texas Grain Producer Indemnity Board.), As Introduced
Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs
Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1099 by Estes (Relating to the operation and functions of the Texas Grain Producer Indemnity Board.), As Introduced
SB1099 by Estes (Relating to the operation and functions of the Texas Grain Producer Indemnity Board.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Agriculture code relating to the operation and functions of the Texas Grain Producer Indemnity Board. The bill would create a trust fund outside the state treasury to be administered by the board for certain claims against a grain buyer, with other conditions as described, including minimum balances and assessment rebates. The bill would authorize the board to purchase reinsurance to mitigate financial risks. Both the Texas Department of Agriculture and the Comptroller of Public Accounts indicate bill provisions could reasonably be absorbed within each agency's current resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 551 Department of Agriculture
304 Comptroller of Public Accounts, 551 Department of Agriculture
LBB Staff: UP, SZ, TB
UP, SZ, TB