LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 14, 2025 TO: Honorable Terry M. Wilson, Chair, House Committee on Higher Education FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HJR203 by Wilson (Proposing a constitutional amendment establishing the Texas Health Care Workforce Education Fund to provide funding to eligible institutions of higher education to address Texas' health care workforce needs and drive the state economy.), As Introduced No significant fiscal implication to the State is anticipated, other than the cost of publication; however, there could be a fiscal impact dependent on an appropriation of funds for transfer and deposit to the new Texas Health Care Workforce Education Fund. The cost to the state for publication of the resolution is $191,689. The resolution would propose an amendment to Article VII of the Texas Constitution.The proposed amendment would establish the Texas Health Care Workforce Education Fund (fund) for the purpose of providing a dedicated, independent, and equitable source of funding to enable comprehensive regional universities to address Texas' health care workforce needs. The account would consist of legislative appropriations; gifts, grants, and donations; and investment and interest earnings. The amendment would require the Legislature to provide for the administration of the fund in accordance with the investment standards of the Permanent University Fund.The amendment would require the Legislature or an agency designated by the Legislature to establish an equitable formula for the biennial allocation of amounts from the fund to eligible institutions. The distribution must preserve the purchasing power of the assets of the fund over a rolling 10-year period and may not exceed 7.0 percent of the average fair market value of the investment assets of the fund.The amendment would require the Legislature to establish criteria by which an institution may become eligible to receive a portion of the distributions from the fund. An eligible institution would be authorized to use distributions from the fund only for the support and maintenance of educational and general activities that address the health care workforce needs of the state.The proposed amendment would be submitted to voters at an election to be held November 4, 2025.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. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 710 Texas A&M University System Administrative and General Offices, 717 Texas Southern University, 719 Texas State Technical College System Administration, 720 The University of Texas System Administration, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration LBB Staff: b > td > JMc, FV, LBO, CPo
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 14, 2025
TO: Honorable Terry M. Wilson, Chair, House Committee on Higher Education FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HJR203 by Wilson (Proposing a constitutional amendment establishing the Texas Health Care Workforce Education Fund to provide funding to eligible institutions of higher education to address Texas' health care workforce needs and drive the state economy.), As Introduced
TO: Honorable Terry M. Wilson, Chair, House Committee on Higher Education
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HJR203 by Wilson (Proposing a constitutional amendment establishing the Texas Health Care Workforce Education Fund to provide funding to eligible institutions of higher education to address Texas' health care workforce needs and drive the state economy.), As Introduced
Honorable Terry M. Wilson, Chair, House Committee on Higher Education
Honorable Terry M. Wilson, Chair, House Committee on Higher Education
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HJR203 by Wilson (Proposing a constitutional amendment establishing the Texas Health Care Workforce Education Fund to provide funding to eligible institutions of higher education to address Texas' health care workforce needs and drive the state economy.), As Introduced
HJR203 by Wilson (Proposing a constitutional amendment establishing the Texas Health Care Workforce Education Fund to provide funding to eligible institutions of higher education to address Texas' health care workforce needs and drive the state economy.), As Introduced
No significant fiscal implication to the State is anticipated, other than the cost of publication; however, there could be a fiscal impact dependent on an appropriation of funds for transfer and deposit to the new Texas Health Care Workforce Education Fund. The cost to the state for publication of the resolution is $191,689.
No significant fiscal implication to the State is anticipated, other than the cost of publication; however, there could be a fiscal impact dependent on an appropriation of funds for transfer and deposit to the new Texas Health Care Workforce Education Fund. The cost to the state for publication of the resolution is $191,689.
The resolution would propose an amendment to Article VII of the Texas Constitution.The proposed amendment would establish the Texas Health Care Workforce Education Fund (fund) for the purpose of providing a dedicated, independent, and equitable source of funding to enable comprehensive regional universities to address Texas' health care workforce needs. The account would consist of legislative appropriations; gifts, grants, and donations; and investment and interest earnings. The amendment would require the Legislature to provide for the administration of the fund in accordance with the investment standards of the Permanent University Fund.The amendment would require the Legislature or an agency designated by the Legislature to establish an equitable formula for the biennial allocation of amounts from the fund to eligible institutions. The distribution must preserve the purchasing power of the assets of the fund over a rolling 10-year period and may not exceed 7.0 percent of the average fair market value of the investment assets of the fund.The amendment would require the Legislature to establish criteria by which an institution may become eligible to receive a portion of the distributions from the fund. An eligible institution would be authorized to use distributions from the fund only for the support and maintenance of educational and general activities that address the health care workforce needs of the state.The proposed amendment would be submitted to voters at an election to be held November 4, 2025.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.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 710 Texas A&M University System Administrative and General Offices, 717 Texas Southern University, 719 Texas State Technical College System Administration, 720 The University of Texas System Administration, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration
304 Comptroller of Public Accounts, 710 Texas A&M University System Administrative and General Offices, 717 Texas Southern University, 719 Texas State Technical College System Administration, 720 The University of Texas System Administration, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration
LBB Staff: b > td > JMc, FV, LBO, CPo
JMc, FV, LBO, CPo