LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 22, 2021 TO: Honorable Tracy O. King, Chair, House Committee on Natural Resources FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1904 by Harris (Relating to the use of the water infrastructure fund.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Water Code to expand the permissible uses of the Water Infrastructure Fund (WIF) by allowing the Texas Water Development Board (TWDB) to transfer WIF funds to the financial assistance account of the Texas Water Development Fund II (DFund II). Money transferred into DFund II would no longer be required to have an appropriation. Based on information provided by TWDB and the Comptroller of Public Accounts, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources.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 September 1, 2021. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 580 Water Development Board LBB Staff: b > td > JMc, AJL, MW, PBO, MBO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 22, 2021
TO: Honorable Tracy O. King, Chair, House Committee on Natural Resources FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1904 by Harris (Relating to the use of the water infrastructure fund.), As Introduced
TO: Honorable Tracy O. King, Chair, House Committee on Natural Resources
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1904 by Harris (Relating to the use of the water infrastructure fund.), As Introduced
Honorable Tracy O. King, Chair, House Committee on Natural Resources
Honorable Tracy O. King, Chair, House Committee on Natural Resources
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1904 by Harris (Relating to the use of the water infrastructure fund.), As Introduced
HB1904 by Harris (Relating to the use of the water infrastructure 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 the Water Code to expand the permissible uses of the Water Infrastructure Fund (WIF) by allowing the Texas Water Development Board (TWDB) to transfer WIF funds to the financial assistance account of the Texas Water Development Fund II (DFund II). Money transferred into DFund II would no longer be required to have an appropriation. Based on information provided by TWDB and the Comptroller of Public Accounts, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources.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 September 1, 2021.
Based on information provided by TWDB and the Comptroller of Public Accounts, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources.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 September 1, 2021.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 580 Water Development Board
304 Comptroller of Public Accounts, 580 Water Development Board
LBB Staff: b > td > JMc, AJL, MW, PBO, MBO
JMc, AJL, MW, PBO, MBO