LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 20, 2021 TO: Honorable Charles Perry, Chair, Senate Committee on Water, Agriculture & Rural Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3959 by Buckley (Relating to the establishment of the Texas youth livestock show grant program.), As Engrossed The fiscal implications cannot be determined because the amounts and timing of any appropriations, gifts, grants, and donations are unknown. The bill would amend the Agriculture Code to establish the Texas Youth Livestock Show Program that would provide grants to encourage participation in livestock shows and that would be administered by the Trusteed Programs Within the Office of the Governor.The bill would also establish a new General Revenue-Dedicated Account titled "Texas Youth Livestock Show Fund" that would consist of gifts, grants (including federal grants), and other donations received for the fund, any interest earned on account balances, and any funding appropriated by the Legislature. The bill requires any account funds to be only used by Trusteed Programs Within the Office of the Governor for administration of this program. Based on information provided by the Comptroller of Public Accounts, the fiscal impact cannot be determined because the timing of any appropriations, grants, gifts, or donations are unknown.It is assumed that any costs associated with the bill could be absorbed by the Trusteed Programs Within the Office of the Governor using 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 within 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. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 300 Trusteed Programs - Gov, 304 Comptroller of Public Accounts, 551 Department of Agriculture LBB Staff: b > td > JMc, AJL, LCO, HGR, MW, GDZ, CMA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
May 20, 2021
TO: Honorable Charles Perry, Chair, Senate Committee on Water, Agriculture & Rural Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3959 by Buckley (Relating to the establishment of the Texas youth livestock show grant program.), As Engrossed
TO: Honorable Charles Perry, Chair, Senate Committee on Water, Agriculture & Rural Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3959 by Buckley (Relating to the establishment of the Texas youth livestock show grant program.), As Engrossed
Honorable Charles Perry, Chair, Senate Committee on Water, Agriculture & Rural Affairs
Honorable Charles Perry, Chair, Senate Committee on Water, Agriculture & Rural Affairs
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB3959 by Buckley (Relating to the establishment of the Texas youth livestock show grant program.), As Engrossed
HB3959 by Buckley (Relating to the establishment of the Texas youth livestock show grant program.), As Engrossed
The fiscal implications cannot be determined because the amounts and timing of any appropriations, gifts, grants, and donations are unknown.
The fiscal implications cannot be determined because the amounts and timing of any appropriations, gifts, grants, and donations are unknown.
The bill would amend the Agriculture Code to establish the Texas Youth Livestock Show Program that would provide grants to encourage participation in livestock shows and that would be administered by the Trusteed Programs Within the Office of the Governor.The bill would also establish a new General Revenue-Dedicated Account titled "Texas Youth Livestock Show Fund" that would consist of gifts, grants (including federal grants), and other donations received for the fund, any interest earned on account balances, and any funding appropriated by the Legislature. The bill requires any account funds to be only used by Trusteed Programs Within the Office of the Governor for administration of this program. Based on information provided by the Comptroller of Public Accounts, the fiscal impact cannot be determined because the timing of any appropriations, grants, gifts, or donations are unknown.It is assumed that any costs associated with the bill could be absorbed by the Trusteed Programs Within the Office of the Governor using 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 within 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.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 300 Trusteed Programs - Gov, 304 Comptroller of Public Accounts, 551 Department of Agriculture
300 Trusteed Programs - Gov, 304 Comptroller of Public Accounts, 551 Department of Agriculture
LBB Staff: b > td > JMc, AJL, LCO, HGR, MW, GDZ, CMA
JMc, AJL, LCO, HGR, MW, GDZ, CMA