LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 28, 1995 TO: Honorable Ron Wilson, Chair IN RE: Committee Substitute Committee on Licensing & for House Administrative Procedures Bill No. 667 House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 667 (relating to the regulation of auctions and auctioneers) this office has determined the following: The bill provides for changes in continuing education requirements for auctioneers. The bill would create an Auctioneer Advisory Board and would establish guidelines for composition, membership, powers and duties. The bill would authorize the Commissioner of Licensing and Regulation to set examination fees. The bill would establish a new Public Protection and Recovery Fund as a special trust fund with the state treasurer as custodian. The bill would require each auctioneer, at each annul renewal, to contribute $100 to the Public Protection and Recovery Special Trust Fund (PPRSTF). Any amount in excess of $250,000 in the PPRSTF would be spent for public protection programs. The bill would transfer the amount in the present Auctioneer Education and Recovery Trust Fund (approximately $375,000) to the PPRSTF. The probable fiscal implication of implementing the provisions of the bill during each of the first five years following passage is estimated as follows: Fiscal Probable Loss from Probable Gain to Probable Cost Year Auctioneer the Public from Public Education and Protection and Protection and Recovery Trust Recovery Special Recovery Special Fund Trust Fund Trust Fund 1996 $375,000 $625,000 $221,222 1997 265,000 292,648 1998 280,000 277,734 1999 280,000 277,734 2000 280,000 277,734 Fiscal Change in Year Number of State Employees from FY 1995 1996 5.0 1997 6.0 1998 6.0 1999 6.0 2000 6.0 Similar annual fiscal implications would continue as long as the provisions of the bill are in effect. No fiscal implication to units of local government is anticipated. Source: Comptroller of Public Accounts, Department of Licensing and Regulation LBB Staff: JK, JB, DF