LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
April 5, 1995
TO: Honorable Ron Wilson, Chair IN RE: House Bill No. 667
Committee on Licensing & By: Kuempel
Administrative Procedures
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 would make no appropriation but could provide the legal
basis for an appropriation of funds to implement the provisions
of the bill.
The bill changes the way in which auctioneers are licensed,
adding continuing education requirements. It is expected that
the number of auctioneers will drop from 2,774 to 2,500 in the
first year. By FY 1998 the number of auctioneers would climb to
approximately 2,800 and remain stable thereafter.
The bill establishes the Public Protection and Recovery Fund as a
trust fund to pay claims against auctioneers. Any amounts in the
fund in excess of $250,000 will be used to fund public protection
programs to be developed by the Department of Licensing and
Regulation. It is assumed that during the first year only claims
will be paid from the fund.
The bill would authorize the commissioner of licensing and
regulation to set examination fees. In addition annual license
fees would be set in statute at $100 or $50 for an associate
auctioneer. A $100 annual fee would also be established and
deposited to the Public Protection & Recovery Fund.
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 Cost Out Probable Revenue Change in
Year of Other Funds Gain to Other Number of State
997 (Public Funds 997 (Public Employees from
Protection & Protection & FY 1995
Recovery Fund) Recovery Fund)
1996 $25,000 $250,000 .0
1997 147,600 265,000 2.0
1998 283,900 280,000 6.0
1999 317,000 280,000 7.0
2000 317,000 280,000 7.0
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: Department of Licensing and Regulation
LBB Staff: JK, LR, DF