LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 12, 2021 TO: Honorable Greg Bonnen, Chair, House Committee on Appropriations FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2 by Bonnen (relating to making supplemental appropriations and reductions in appropriations and giving direction and adjustment authority regarding appropriations.), Committee Report 1st House, Substituted Estimated Two-year Net Impact to General Revenue Related Funds for HB2, Committee Report 1st House, Substituted : a positive impact of $7,511,134,047 through the biennium ending August 31, 2023. The bill's provisions would result in a net increase of $3,270,794,858 to the estimate of GeneralRevenue Related funds available for certification in the Biennial Revenue Estimate. Combining this increase with estimates of the related fiscal year 2020 lapses would result in a net 202021 biennial certification savings of $5,736,064,399 over estimates in the Biennial Revenue Estimate. Appropriations: Fiscal Year Appropriation out ofGeneral Revenue Fund1 Appropriation out ofGeneral Revenue Dedicated Accounts Appropriation out ofFederal Funds8902 Appropriation out ofTx Dept of Motor Vehicles Fnd102021($7,511,134,047)($63,384,156)$327,184,543$18,019,7482022$0$0$0$02023$0$0$0$0Fiscal Year Appropriation out ofEconomic Stabilization Fund599 Appropriation out ofState Highway Fund6 Appropriation out ofTPFA Master Lease Prj Fund735 Appropriation out ofTelecommunications Revolving - AR81232021$876,378,808$109,842,902$30,000$827,1252022$0$0$0$02023$0$0$0$0Fiscal Year Appropriation out ofTelecommunications Revolving - IAC8125 Appropriation out ofStatewide Technology Account - IAC8126 Appropriation out ofStatewide Network Apps Acct - AR8143 Appropriation out ofRevenue Bond Proceeds82262021$56,728$229,982$39,595$23,719,1602022$0$0$0$02023$0$0$0$0Fiscal Year Appropriation out ofInteragency Contracts Appropriation out ofDIR Clearing Fund Account81222021$246,420$581,0512022$0$02023$0$0General Revenue-Related Funds, Six- Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact toGeneral Revenue Related Funds2021$7,511,134,0472022$02023$02024$02025$02026$0All Funds, Six-Year Impact: Fiscal Year Probable Savings fromGeneral Revenue Fund1 Probable Savings fromGeneral Revenue Dedicated Accounts Probable (Cost) fromFederal Funds8902 Probable (Cost) fromTx Dept of Motor Vehicles Fnd102021$7,511,134,047$63,384,156($327,184,543)($18,019,748)2022$0$0$0$02023$0$0$0$02024$0$0$0$02025$0$0$0$02026$0$0$0$0Fiscal Year Probable (Cost) fromEconomic Stabilization Fund599 Probable Revenue (Loss) fromEconomic Stabilization Fund599 Probable (Cost) fromState Highway Fund6 Probable (Cost) fromTPFA Master Lease Prj Fund7352021($876,378,808)($657,192)($109,842,902)($30,000)2022$0($29,045,000)$0$02023$0($14,664,000)$0$02024$0($14,880,000)$0$02025$0($15,099,000)$0$02026$0($15,152,000)$0$0Fiscal Year Probable (Cost) fromTelecommunications Revolving - AR8123 Probable (Cost) fromTelecommunications Revolving - IAC8125 Probable (Cost) fromStatewide Technology Account - IAC8126 Probable (Cost) fromStatewide Network Apps Acct - AR81432021($827,125)($56,728)($229,982)($39,595)2022$0$0$0$02023$0$0$0$02024$0$0$0$02025$0$0$0$02026$0$0$0$0Fiscal Year Probable (Cost) fromRevenue Bond Proceeds8226 Probable (Cost) fromInteragency Contracts Probable (Cost) fromDIR Clearing Fund Account81222021($23,719,160)($246,420)($581,051)2022$0$0$02023$0$0$02024$0$0$02025$0$0$02026$0$0$0 Fiscal AnalysisThe bill would make supplemental appropriations, reductions in appropriations, and give direction and adjustment authority regarding appropriations. The bill would make net appropriations reductions of $7,511,134,047 from General Revenue Fund Account 0001 . The bill would make net appropriations reductions of $63,384,156 from General Revenue-Dedicated accounts.The bill would increase appropriations from the Economic Stabilization Fund by $876,378,808.The bill would increase appropriations from other funds and accounts not mentioned above by $480,777,254.The bill would take effect immediately as provided for a general appropriations act under Section 39, Article III, Texas Constitution. Sections of the bill that authorize appropriations or reauthorization of existing appropriations from the Economic Stabilization Fund take effect only if this bill receives a vote of two-thirds of the members present in each house of the Legislature, as provided by Section 49-g(m), Article III, Texas Constitution.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 12, 2021
TO: Honorable Greg Bonnen, Chair, House Committee on Appropriations FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2 by Bonnen (relating to making supplemental appropriations and reductions in appropriations and giving direction and adjustment authority regarding appropriations.), Committee Report 1st House, Substituted
TO: Honorable Greg Bonnen, Chair, House Committee on Appropriations
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB2 by Bonnen (relating to making supplemental appropriations and reductions in appropriations and giving direction and adjustment authority regarding appropriations.), Committee Report 1st House, Substituted
Honorable Greg Bonnen, Chair, House Committee on Appropriations
Honorable Greg Bonnen, Chair, House Committee on Appropriations
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB2 by Bonnen (relating to making supplemental appropriations and reductions in appropriations and giving direction and adjustment authority regarding appropriations.), Committee Report 1st House, Substituted
HB2 by Bonnen (relating to making supplemental appropriations and reductions in appropriations and giving direction and adjustment authority regarding appropriations.), Committee Report 1st House, Substituted
Estimated Two-year Net Impact to General Revenue Related Funds for HB2, Committee Report 1st House, Substituted : a positive impact of $7,511,134,047 through the biennium ending August 31, 2023. The bill's provisions would result in a net increase of $3,270,794,858 to the estimate of GeneralRevenue Related funds available for certification in the Biennial Revenue Estimate. Combining this increase with estimates of the related fiscal year 2020 lapses would result in a net 202021 biennial certification savings of $5,736,064,399 over estimates in the Biennial Revenue Estimate.
Estimated Two-year Net Impact to General Revenue Related Funds for HB2, Committee Report 1st House, Substituted : a positive impact of $7,511,134,047 through the biennium ending August 31, 2023. The bill's provisions would result in a net increase of $3,270,794,858 to the estimate of GeneralRevenue Related funds available for certification in the Biennial Revenue Estimate. Combining this increase with estimates of the related fiscal year 2020 lapses would result in a net 202021 biennial certification savings of $5,736,064,399 over estimates in the Biennial Revenue Estimate.
The bill's provisions would result in a net increase of $3,270,794,858 to the estimate of GeneralRevenue Related funds available for certification in the Biennial Revenue Estimate. Combining this increase with estimates of the related fiscal year 2020 lapses would result in a net 202021 biennial certification savings of $5,736,064,399 over estimates in the Biennial Revenue Estimate.
Combining this increase with estimates of the related fiscal year 2020 lapses would result in a net 202021 biennial certification savings of $5,736,064,399 over estimates in the Biennial Revenue Estimate.
Appropriations:
2021 ($7,511,134,047) ($63,384,156) $327,184,543 $18,019,748
2022 $0 $0 $0 $0
2023 $0 $0 $0 $0
2021 $876,378,808 $109,842,902 $30,000 $827,125
2022 $0 $0 $0 $0
2023 $0 $0 $0 $0
2021 $56,728 $229,982 $39,595 $23,719,160
2022 $0 $0 $0 $0
2023 $0 $0 $0 $0
2021 $246,420 $581,051
2022 $0 $0
2023 $0 $0
General Revenue-Related Funds, Six- Year Impact:
2021 $7,511,134,047
2022 $0
2023 $0
2024 $0
2025 $0
2026 $0
All Funds, Six-Year Impact:
2021 $7,511,134,047 $63,384,156 ($327,184,543) ($18,019,748)
2022 $0 $0 $0 $0
2023 $0 $0 $0 $0
2024 $0 $0 $0 $0
2025 $0 $0 $0 $0
2026 $0 $0 $0 $0
2021 ($876,378,808) ($657,192) ($109,842,902) ($30,000)
2022 $0 ($29,045,000) $0 $0
2023 $0 ($14,664,000) $0 $0
2024 $0 ($14,880,000) $0 $0
2025 $0 ($15,099,000) $0 $0
2026 $0 ($15,152,000) $0 $0
2021 ($827,125) ($56,728) ($229,982) ($39,595)
2022 $0 $0 $0 $0
2023 $0 $0 $0 $0
2024 $0 $0 $0 $0
2025 $0 $0 $0 $0
2026 $0 $0 $0 $0
2021 ($23,719,160) ($246,420) ($581,051)
2022 $0 $0 $0
2023 $0 $0 $0
2024 $0 $0 $0
2025 $0 $0 $0
2026 $0 $0 $0
Fiscal Analysis
The bill would make supplemental appropriations, reductions in appropriations, and give direction and adjustment authority regarding appropriations. The bill would make net appropriations reductions of $7,511,134,047 from General Revenue Fund Account 0001 . The bill would make net appropriations reductions of $63,384,156 from General Revenue-Dedicated accounts.The bill would increase appropriations from the Economic Stabilization Fund by $876,378,808.The bill would increase appropriations from other funds and accounts not mentioned above by $480,777,254.The bill would take effect immediately as provided for a general appropriations act under Section 39, Article III, Texas Constitution. Sections of the bill that authorize appropriations or reauthorization of existing appropriations from the Economic Stabilization Fund take effect only if this bill receives a vote of two-thirds of the members present in each house of the Legislature, as provided by Section 49-g(m), Article III, Texas Constitution.
The bill would increase appropriations from other funds and accounts not mentioned above by $480,777,254.The bill would take effect immediately as provided for a general appropriations act under Section 39, Article III, Texas Constitution. Sections of the bill that authorize appropriations or reauthorization of existing appropriations from the Economic Stabilization Fund take effect only if this bill receives a vote of two-thirds of the members present in each house of the Legislature, as provided by Section 49-g(m), Article III, Texas Constitution.
The bill would take effect immediately as provided for a general appropriations act under Section 39, Article III, Texas Constitution. Sections of the bill that authorize appropriations or reauthorization of existing appropriations from the Economic Stabilization Fund take effect only if this bill receives a vote of two-thirds of the members present in each house of the Legislature, as provided by Section 49-g(m), Article III, Texas Constitution.
Methodology
A portion of the appropriation reduction at the Texas Education Agency related to the Foundation School Program was accounted for in the Comptroller's January 2021 Biennial Revenue Estimate (BRE). Of the total FSP appropriation reduction, $1,169,480,000 was not accounted for in the BRE and represents an increase of revenue available for certification, relative to the BRE estimate. The remaining increase in revenue available for certification relative to the BRE comes from appropriation reductions not accounted for in the BRE.The Comptroller indicates there would be a loss of interest and investment income from the Economic Stabilization Fund resulting from the amounts appropriated from the ESF not being available for investment purposes.
The Comptroller indicates there would be a loss of interest and investment income from the Economic Stabilization Fund resulting from the amounts appropriated from the ESF not being available for investment purposes.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, KK, SD
JMc, KK, SD