The fiscal implications cannot be determined because the amounts and timing of any appropriations, gifts, grants, and donations are unknown.
The bill would amend the Agriculture Code to establish the Texas Youth Livestock Show Program that would provide grants to encourage participation in livestock shows and that would be administered by the Texas Department of Agriculture (TDA).
The bill would also establish a new General Revenue-Dedicated Account titled "Texas Youth Livestock Show Fund" that would consist of gifts, grants (including federal grants), and other donations received for the fund, any interest earned on account balances, and any funding appropriated by the Legislature. The bill requires any account funds to be only used by TDA for administration of this program.
Based information provided by the Comptroller of Public Accounts, the fiscal impact cannot be determined because the timing of any appropriations, grants, gifts, or donations are unknown.
Based on information provided by the TDA, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be absorbed with existing resources. However, it is also assumed that additional FTEs would be necessary to manage increased responsibilities if a large appropriation were made to the General Revenue-Dedicated Texas Youth Livestock Show Fund.
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 within or outside of 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.
The bill would take effect September 1, 2021.
No significant fiscal implication to units of local government is anticipated.