LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 6, 2023 TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4015 by Thompson, Ed (Relating to the disposition of certain fees collected for the rail safety program.), As Engrossed Estimated Two-year Net Impact to General Revenue Related Funds for HB4015, As Engrossed : a negative impact of ($3,289,000) through the biennium ending August 31, 2025. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. General Revenue-Related Funds, Five- Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact toGeneral Revenue Related Funds2024($1,642,000)2025($1,647,000)2026($1,652,000)2027($1,657,000)2028($1,662,000)All Funds, Five-Year Impact: Fiscal Year Probable Revenue Gain/(Loss) fromGeneral Revenue Fund1 Probable Revenue Gain/(Loss) fromState Highway Fund62024($1,642,000)$1,642,0002025($1,647,000)$1,647,0002026($1,652,000)$1,652,0002027($1,657,000)$1,657,0002028($1,662,000)$1,662,000 Fiscal AnalysisThe bill would amend Transportation Code, Section 111.101, to require certain fees collected for the rail safety program to be deposited to the State Highway Fund instead of the General Revenue Fund. The bill would take effect on September 1, 2023.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 6, 2023
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4015 by Thompson, Ed (Relating to the disposition of certain fees collected for the rail safety program.), As Engrossed
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4015 by Thompson, Ed (Relating to the disposition of certain fees collected for the rail safety program.), As Engrossed
Honorable Joan Huffman, Chair, Senate Committee on Finance
Honorable Joan Huffman, Chair, Senate Committee on Finance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB4015 by Thompson, Ed (Relating to the disposition of certain fees collected for the rail safety program.), As Engrossed
HB4015 by Thompson, Ed (Relating to the disposition of certain fees collected for the rail safety program.), As Engrossed
Estimated Two-year Net Impact to General Revenue Related Funds for HB4015, As Engrossed : a negative impact of ($3,289,000) through the biennium ending August 31, 2025. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Estimated Two-year Net Impact to General Revenue Related Funds for HB4015, As Engrossed : a negative impact of ($3,289,000) through the biennium ending August 31, 2025. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five- Year Impact:
2024 ($1,642,000)
2025 ($1,647,000)
2026 ($1,652,000)
2027 ($1,657,000)
2028 ($1,662,000)
All Funds, Five-Year Impact:
2024 ($1,642,000) $1,642,000
2025 ($1,647,000) $1,647,000
2026 ($1,652,000) $1,652,000
2027 ($1,657,000) $1,657,000
2028 ($1,662,000) $1,662,000
Fiscal Analysis
The bill would amend Transportation Code, Section 111.101, to require certain fees collected for the rail safety program to be deposited to the State Highway Fund instead of the General Revenue Fund. The bill would take effect on September 1, 2023.
The bill would take effect on September 1, 2023.
Methodology
The revenues collected from rail safety program fees are currently deposited to the General Revenue Fund. Based on the analysis provided by the Comptroller of Public Accounts, implementation of the bill would result in a revenue loss to the General Revenue Fund and a corresponding revenue gain to the State Highway Fund in each fiscal year beginning in fiscal year 2024 as shown in the table above. Estimated rail safety program fees are based on the Comptroller's 2024-25 Biennial Revenue Estimate.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 601 Department of Transportation
304 Comptroller of Public Accounts, 601 Department of Transportation
LBB Staff: b > td > JMc, KK, TG, AAL, GDZ
JMc, KK, TG, AAL, GDZ