LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 22, 2021 TO: Honorable Jane Nelson, Chair, Senate Committee on Finance 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 2nd House, Substituted Estimated Two-year Net Impact to General Revenue Related Funds for HB2, Committee Report 2nd House, Substituted : a positive impact of $5,113,757,961 through the biennium ending August 31, 2023. The bill's provisions would result in a net decrease of ($69,420,116) to the estimate of GeneralRevenue Related funds available for certification in the Revised Biennial Revenue Estimate. Combining this increase with estimates of the related fiscal year 2020 lapses not included in the bill would result in a net 202021 biennial certification savings of $1,730,172,241 over estimates in the Revised 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($5,113,757,961)$30,929,649$562,449,718$13,044,0362022$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$531,070,462$510,390,655$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 Account8122 Appropriation out ofOther Special State Funds Appropriation out ofAppropriated Receipts2021$8,651,468$581,051$14,280,000$9,049,2592022$0$0$0$02023$0$0$0$0General Revenue-Related Funds, Six- Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact toGeneral Revenue Related Funds2021$5,113,757,9612022$02023$02024$02025$02026$0All Funds, Six-Year Impact: Fiscal Year Probable Savings fromGeneral Revenue Fund1 Probable (Cost) fromVarious General Revenue Dedicated Probable (Cost) fromFederal Funds8902 Probable (Cost) fromTx Dept of Motor Vehicles Fnd102021$5,113,757,961($30,929,649)($562,449,718)($13,044,036)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($531,070,462)($398,538)($510,390,655)($30,000)2022$0($7,663,000)$0$02023$0($8,732,000)$0$02024$0($8,860,000)$0$02025$0($8,990,000)$0$02026$0($8,953,000)$0$0Fiscal Year Probable (Cost) fromDIR Clearing Fund Account8122 Probable (Cost) fromTelecommunications Revolving - AR8123 Probable (Cost) fromTelecommunications Revolving - IAC8125 Probable (Cost) fromStatewide Technology Account - IAC81262021($581,051)($827,125)($56,728)($229,982)2022$0$0$0$02023$0$0$0$02024$0$0$0$02025$0$0$0$02026$0$0$0$0Fiscal Year Probable (Cost) fromStatewide Network Apps Acct - AR8143 Probable (Cost) fromRevenue Bond Proceeds8226 Probable (Cost) fromInteragency Contracts Probable (Cost) fromOther Special State Funds2021($39,595)($23,719,160)($8,651,468)($14,280,000)2022$0$0$0$02023$0$0$0$02024$0$0$0$02025$0$0$0$02026$0$0$0$0Fiscal Year Probable (Cost) fromAppropriated Receipts2021($9,049,259)2022$02023$02024$02025$02026$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 $5,113,757,961 from General Revenue Fund Account 0001 . The bill would make net appropriations increases of $30,929,649 from General Revenue-Dedicated accounts.The bill would increase appropriations from the Economic Stabilization Fund by $531,070,462.The bill would increase appropriations from other funds, federal funds, and accounts not mentioned above by $1,143,348,777.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
May 22, 2021
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance 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 2nd House, Substituted
TO: Honorable Jane Nelson, Chair, Senate Committee on Finance
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 2nd House, Substituted
Honorable Jane Nelson, Chair, Senate Committee on Finance
Honorable Jane Nelson, Chair, Senate Committee on Finance
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 2nd House, Substituted
HB2 by Bonnen (relating to making supplemental appropriations and reductions in appropriations and giving direction and adjustment authority regarding appropriations.), Committee Report 2nd House, Substituted
Estimated Two-year Net Impact to General Revenue Related Funds for HB2, Committee Report 2nd House, Substituted : a positive impact of $5,113,757,961 through the biennium ending August 31, 2023. The bill's provisions would result in a net decrease of ($69,420,116) to the estimate of GeneralRevenue Related funds available for certification in the Revised Biennial Revenue Estimate. Combining this increase with estimates of the related fiscal year 2020 lapses not included in the bill would result in a net 202021 biennial certification savings of $1,730,172,241 over estimates in the Revised Biennial Revenue Estimate.
Estimated Two-year Net Impact to General Revenue Related Funds for HB2, Committee Report 2nd House, Substituted : a positive impact of $5,113,757,961 through the biennium ending August 31, 2023. The bill's provisions would result in a net decrease of ($69,420,116) to the estimate of GeneralRevenue Related funds available for certification in the Revised Biennial Revenue Estimate. Combining this increase with estimates of the related fiscal year 2020 lapses not included in the bill would result in a net 202021 biennial certification savings of $1,730,172,241 over estimates in the Revised Biennial Revenue Estimate.
The bill's provisions would result in a net decrease of ($69,420,116) to the estimate of GeneralRevenue Related funds available for certification in the Revised Biennial Revenue Estimate. Combining this increase with estimates of the related fiscal year 2020 lapses not included in the bill would result in a net 202021 biennial certification savings of $1,730,172,241 over estimates in the Revised Biennial Revenue Estimate.
Combining this increase with estimates of the related fiscal year 2020 lapses not included in the bill would result in a net 202021 biennial certification savings of $1,730,172,241 over estimates in the Revised Biennial Revenue Estimate.
Appropriations:
2021 ($5,113,757,961) $30,929,649 $562,449,718 $13,044,036
2022 $0 $0 $0 $0
2023 $0 $0 $0 $0
2021 $531,070,462 $510,390,655 $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 $8,651,468 $581,051 $14,280,000 $9,049,259
2022 $0 $0 $0 $0
2023 $0 $0 $0 $0
General Revenue-Related Funds, Six- Year Impact:
2021 $5,113,757,961
2022 $0
2023 $0
2024 $0
2025 $0
2026 $0
All Funds, Six-Year Impact:
2021 $5,113,757,961 ($30,929,649) ($562,449,718) ($13,044,036)
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 ($531,070,462) ($398,538) ($510,390,655) ($30,000)
2022 $0 ($7,663,000) $0 $0
2023 $0 ($8,732,000) $0 $0
2024 $0 ($8,860,000) $0 $0
2025 $0 ($8,990,000) $0 $0
2026 $0 ($8,953,000) $0 $0
2021 ($581,051) ($827,125) ($56,728) ($229,982)
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 ($39,595) ($23,719,160) ($8,651,468) ($14,280,000)
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 ($9,049,259)
2022 $0
2023 $0
2024 $0
2025 $0
2026 $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 $5,113,757,961 from General Revenue Fund Account 0001 . The bill would make net appropriations increases of $30,929,649 from General Revenue-Dedicated accounts.The bill would increase appropriations from the Economic Stabilization Fund by $531,070,462.The bill would increase appropriations from other funds, federal funds, and accounts not mentioned above by $1,143,348,777.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, federal funds, and accounts not mentioned above by $1,143,348,777.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
The appropriation reduction at the Texas Education Agency related to the Foundation School Program was accounted for in the Comptroller's May 2021 Revised Biennial Revenue Estimate (RBRE). The remaining increase in revenue available for certification relative to the RBRE comes from appropriation reductions and fiscal year 2020 lapses not accounted for in the RBRE.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