LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 10, 2017 TO: Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2004 by Anderson, Charles "Doc" (Relating to the Texas economic development fund for the Department of Agriculture.), As Engrossed Estimated Two-year Net Impact to General Revenue Related Funds for HB2004, As Engrossed: a negative impact of ($150,000) through the biennium ending August 31, 2019.The bill will result in an equivalent gain to General Revenue-Dedicated Fund 183. 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, 85TH LEGISLATIVE REGULAR SESSION
May 10, 2017
TO: Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2004 by Anderson, Charles "Doc" (Relating to the Texas economic development fund for the Department of Agriculture.), As Engrossed
TO: Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2004 by Anderson, Charles "Doc" (Relating to the Texas economic development fund for the Department of Agriculture.), As Engrossed
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
HB2004 by Anderson, Charles "Doc" (Relating to the Texas economic development fund for the Department of Agriculture.), As Engrossed
HB2004 by Anderson, Charles "Doc" (Relating to the Texas economic development fund for the Department of Agriculture.), As Engrossed
Estimated Two-year Net Impact to General Revenue Related Funds for HB2004, As Engrossed: a negative impact of ($150,000) through the biennium ending August 31, 2019.The bill will result in an equivalent gain to General Revenue-Dedicated Fund 183. 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 HB2004, As Engrossed: a negative impact of ($150,000) through the biennium ending August 31, 2019.The bill will result in an equivalent gain to General Revenue-Dedicated Fund 183.
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 2018 ($75,000) 2019 ($75,000) 2020 ($75,000) 2021 ($75,000) 2022 ($75,000)
2018 ($75,000)
2019 ($75,000)
2020 ($75,000)
2021 ($75,000)
2022 ($75,000)
All Funds, Five-Year Impact: Fiscal Year Probable Revenue (Loss) fromGeneral Revenue Fund1 Probable Revenue Gain fromTexas Economic Development Fund183 2018 ($75,000) $75,000 2019 ($75,000) $75,000 2020 ($75,000) $75,000 2021 ($75,000) $75,000 2022 ($75,000) $75,000
Fiscal Year Probable Revenue (Loss) fromGeneral Revenue Fund1 Probable Revenue Gain fromTexas Economic Development Fund183 2018 ($75,000) $75,000 2019 ($75,000) $75,000 2020 ($75,000) $75,000 2021 ($75,000) $75,000 2022 ($75,000) $75,000
2018 ($75,000) $75,000
2019 ($75,000) $75,000
2020 ($75,000) $75,000
2021 ($75,000) $75,000
2022 ($75,000) $75,000
Fiscal Analysis
The bill would amend the Texas Agriculture Code, Section 12.0272 to expand the use of the Texas Economic Development Fund (TEDF) by the Texas Department of Agriculture (TDA) to include funding the continuation of an economic development program originally implemented as part of the State Small Business Credit Initiative or other economic development programs implemented by TDA; any programs or services that encourage the export of Texas agricultural products or products manufactured in rural Texas; an economic development program established through an agreement with a federal agency, foreign governmental entity, local governmental entity, nonprofit organization, private entity, public university, or state governmental entity to encourage rural economic development in Texas; or any other program related to duties of the agency. The bill would direct all gifts, grants, and donations received by TDA to be deposited to the TEDF. This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either with or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature. 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 would take effect on September 1, 2017.
Methodology
The Comptroller estimates that the revenue from gifts, grants and donations redirected to the TEDF from the General Revenue Fund would total $75,000 each fiscal year and that this amount would continue in future fiscal years with no growth. Based on the analysis of TDA, duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing 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, CL, MW, MSO
UP, SZ, CL, MW, MSO