LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 15, 2025 TO: Honorable Brandon Creighton, Chair, Senate Committee on Education K-16 FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1032 by Kolkhorst (Relating to participation in the governor's university research initiative.), As Introduced The fiscal implications of the bill cannot be determined due to the unknown number of grant applications and appropriations made for this purpose. The bill would amend the Education Code to include private or independent institutions of higher education as eligible institutions to receive matching funding from the General Revenue-Dedicated Account No. 5161 Governor's University Research Initiative. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 300 Trusteed Programs Within the Office of the Governor LBB Staff: b > td > JMc, FV, LCO, KCu LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 15, 2025 TO: Honorable Brandon Creighton, Chair, Senate Committee on Education K-16 FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1032 by Kolkhorst (Relating to participation in the governor's university research initiative.), As Introduced TO: Honorable Brandon Creighton, Chair, Senate Committee on Education K-16 FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1032 by Kolkhorst (Relating to participation in the governor's university research initiative.), As Introduced Honorable Brandon Creighton, Chair, Senate Committee on Education K-16 Honorable Brandon Creighton, Chair, Senate Committee on Education K-16 Jerry McGinty, Director, Legislative Budget Board Jerry McGinty, Director, Legislative Budget Board SB1032 by Kolkhorst (Relating to participation in the governor's university research initiative.), As Introduced SB1032 by Kolkhorst (Relating to participation in the governor's university research initiative.), As Introduced The fiscal implications of the bill cannot be determined due to the unknown number of grant applications and appropriations made for this purpose. The fiscal implications of the bill cannot be determined due to the unknown number of grant applications and appropriations made for this purpose. The bill would amend the Education Code to include private or independent institutions of higher education as eligible institutions to receive matching funding from the General Revenue-Dedicated Account No. 5161 Governor's University Research Initiative. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 300 Trusteed Programs Within the Office of the Governor 300 Trusteed Programs Within the Office of the Governor LBB Staff: b > td > JMc, FV, LCO, KCu JMc, FV, LCO, KCu