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