LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
April 3, 1995
TO: Honorable John Montford, Chair IN RE: Committee Substitute
Committee on Finance for Senate
Senate Bill No. 407
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on Senate Bill No.
407 (Relating to making emergency appropriations for distribution
of state money to school districts and certain public
institutions and commissions.; Relating to making emergency
appropriations for distribution of state money to school
districts and certain public institutions and commissions.;
Relating to making emergency appropriations for distribution of
state money to school districts and certain public institutions
and commissions.) this office has determined the following:
The bill would appropriate the following amounts from the General
Revenue Fund for fiscal year 1995:
$305,000,000 to the Central Education Agency to fund certain
foundation school program payments;
$740,000 to Tarleton State University for expenses incurred in
repairing hail damage;
$1,449,405 to Southwest Texas State University to pay costs of
repairing hail and water damage;
$13,744,133 to the Higher Education Coordinating Board to fund
enrollment and start-up costs at new campuses;
$2,312,050 to the Higher Education Coordinating Board to fund
cost at South Texas Community College; and
$70,000 to the Cosmetology Commission.
The payments to school districts from the appropriation above
will result in General Revenue Fund savings in fiscal year 1996.
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
Year Cost/(Savings) to
the General
Revenue
Fund 001
1995 $323,315,588
1996 (305,000,000)
1997 0
1998 0
1999 0
2000 0
Source: Legislative Budget Board
LBB Staff: JK, RS, DF