LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 21, 2023 TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1499 by Nichols (Relating to the funding of certain port projects.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Transportation Code, Section 55.002, relating to port development funding from the Port Access Account Fund (PAAF), to specify that no one port applicant eligible for funding under that section may receive more than 20 percent of the total amount appropriated to the Department of Transportation (TxDOT) in a fiscal biennium to fund eligible port projects. The bill would amend Transportation Code, Section 55.005, to specify that money appropriated to the PAAF by the Legislature and money received from the federal government are to be deposited to the credit of the PAAF. Note: 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 in, with, or outside 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. Based on the information provided by TxDOT, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 601 Department of Transportation LBB Staff: b > td > JMc, AAL, GDZ, TG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 21, 2023
TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1499 by Nichols (Relating to the funding of certain port projects.), As Introduced
TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1499 by Nichols (Relating to the funding of certain port projects.), As Introduced
Honorable Robert Nichols, Chair, Senate Committee on Transportation
Honorable Robert Nichols, Chair, Senate Committee on Transportation
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1499 by Nichols (Relating to the funding of certain port projects.), As Introduced
SB1499 by Nichols (Relating to the funding of certain port projects.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Transportation Code, Section 55.002, relating to port development funding from the Port Access Account Fund (PAAF), to specify that no one port applicant eligible for funding under that section may receive more than 20 percent of the total amount appropriated to the Department of Transportation (TxDOT) in a fiscal biennium to fund eligible port projects. The bill would amend Transportation Code, Section 55.005, to specify that money appropriated to the PAAF by the Legislature and money received from the federal government are to be deposited to the credit of the PAAF. Note: 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 in, with, or outside 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. Based on the information provided by TxDOT, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
The bill would amend Transportation Code, Section 55.002, relating to port development funding from the Port Access Account Fund (PAAF), to specify that no one port applicant eligible for funding under that section may receive more than 20 percent of the total amount appropriated to the Department of Transportation (TxDOT) in a fiscal biennium to fund eligible port projects.
The bill would amend Transportation Code, Section 55.005, to specify that money appropriated to the PAAF by the Legislature and money received from the federal government are to be deposited to the credit of the PAAF.
Note: 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 in, with, or outside 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.
Based on the information provided by TxDOT, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
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, AAL, GDZ, TG
JMc, AAL, GDZ, TG