LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
March 27, 1995
TO: Honorable John T. Montford, Chair IN RE: Senate Bill No. 407
Committee on Finance By: Montford,
Senate Ratliff
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on Senate Bill No.
407 (Relating to certain distribution of state money to school
districts and public institutions of higher education.) this
office has determined the following:
The bill would amend the schedule of payments to school districts
from the Foundation School Fund. The proposed schedule would
increase the amount of payments to districts in the early months
of each fiscal year.
The bill would also require that 1/12th of annual appropriations
from the General Revenue Fund to institutions of higher education
be allocated to the Higher Education Appropriations Account in
the General Revenue Fund each month.
The estimates below are based on Comptroller estimates. To the
extent that institutions of higher education substitute local or
current fund revenue to maintain current spending patterns, the
institutions could experience some loss in interest income.
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 Revenue Probable Savings
Year Gain to the to
General Revenue School Districts
Fund 001
1996 $6,301,000 $12,900,000
1997 6,320,000 12,900,000
1998 6,225,000 12,900,000
1999 6,464,000 12,900,000
2000 6,560,000 12,900,000
Similar annual fiscal implications would continue as long as the
provisions of the bill are in effect.
Source: Comptroller of Public Accounts, Central Education
Agency - Administration,
Higher Education Coordinating Board
LBB Staff: JK, RS, DF