LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
April 19, 1995
TO: Honorable John T. Montford, Chair IN RE: House Bill No. 699,
Committee on Finance as engrossed
Senate By: Culberson
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on House Bill No.
699 (Relating to the eligibility of certain military veterans and
other persons with military-related service and survivors of
certain military veterans to an exemption from tuition, fees, and
charges at a public institution of higher education if the person
is in default of an educational loan made under a federal
program.) this office has determined the following:
The bill would prevent persons whose federal education benefits
are extinguished because of a default on a student loan from
qualifying for Hazlewood Act benefits (V.T.C.A., Education Code
Section 54.203). The estimates below assume one percent of
current Hazlewood Act benefit recipients would not qualify.
Savings represent decreased formula funding requirements for
institutions of higher education.
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 Savings
Year to
General Revenue
Fund 001
1996 $218,000
1997 218,000
1998 218,000
1999 218,000
2000 218,000
Similar annual fiscal implications would continue as long as the
provisions of the bill are in effect.
Source: Higher Education Coordinating Board
LBB Staff: JK, MK, DF