LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 25, 2023 TO: Honorable Dade Phelan, Speaker of the House, House of Representatives FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1620 by Holland (Relating to the review date for certain governmental entities subject to the sunset review process.), As Passed 2nd House Passage of the bill would increase the limit of unappropriated money in General Revenue Account 0597 that the Texas Racing Commission may carry over without being transferred to the General Revenue Fund. As a result, there could be a loss to General Revenue of up to $1,250,000 each state fiscal biennium depending on the balance of money in the account. Among other provisions, the bill would increase from $750,000 to $2.0 million the limit of unappropriated money in General Revenue Account 0597 that the Texas Racing Commission may carry over without being transferred to the General Revenue Fund. Depending on the account balance at the end of each state fiscal biennium, there could be a loss to General Revenue of up to $1,250,000.It is assumed that any fiscal implications associated with the bill's other provisions, including those relating to the Sunset review schedule, would not be significant. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 116 Sunset Advisory Commission, 476 Racing Commission LBB Staff: b > td > JMc, CMA, SD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 25, 2023
TO: Honorable Dade Phelan, Speaker of the House, House of Representatives FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1620 by Holland (Relating to the review date for certain governmental entities subject to the sunset review process.), As Passed 2nd House
TO: Honorable Dade Phelan, Speaker of the House, House of Representatives
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1620 by Holland (Relating to the review date for certain governmental entities subject to the sunset review process.), As Passed 2nd House
Honorable Dade Phelan, Speaker of the House, House of Representatives
Honorable Dade Phelan, Speaker of the House, House of Representatives
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1620 by Holland (Relating to the review date for certain governmental entities subject to the sunset review process.), As Passed 2nd House
HB1620 by Holland (Relating to the review date for certain governmental entities subject to the sunset review process.), As Passed 2nd House
Passage of the bill would increase the limit of unappropriated money in General Revenue Account 0597 that the Texas Racing Commission may carry over without being transferred to the General Revenue Fund. As a result, there could be a loss to General Revenue of up to $1,250,000 each state fiscal biennium depending on the balance of money in the account.
Passage of the bill would increase the limit of unappropriated money in General Revenue Account 0597 that the Texas Racing Commission may carry over without being transferred to the General Revenue Fund. As a result, there could be a loss to General Revenue of up to $1,250,000 each state fiscal biennium depending on the balance of money in the account.
Among other provisions, the bill would increase from $750,000 to $2.0 million the limit of unappropriated money in General Revenue Account 0597 that the Texas Racing Commission may carry over without being transferred to the General Revenue Fund. Depending on the account balance at the end of each state fiscal biennium, there could be a loss to General Revenue of up to $1,250,000.It is assumed that any fiscal implications associated with the bill's other provisions, including those relating to the Sunset review schedule, would not be significant.
Among other provisions, the bill would increase from $750,000 to $2.0 million the limit of unappropriated money in General Revenue Account 0597 that the Texas Racing Commission may carry over without being transferred to the General Revenue Fund. Depending on the account balance at the end of each state fiscal biennium, there could be a loss to General Revenue of up to $1,250,000.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 116 Sunset Advisory Commission, 476 Racing Commission
116 Sunset Advisory Commission, 476 Racing Commission
LBB Staff: b > td > JMc, CMA, SD
JMc, CMA, SD