LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
April 26, 1995
TO: Honorable Clyde Alexander, Chair IN RE: Senate BillNo. 832,
Committee on Transportation as engrossed
House of Representatives By: Wentworth
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on Senate Bill No.
832 (Providing for the issuance of specially designed United
States Olympic Committee Texas license plates.) 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 would provide for the issuance of special United States
Olympic Committee license plates for passenger cars and light
commercial vehicles with a manufacturer's rated capacity of one
ton or less. The fee for the plates would be $20 for each year
the vehicle is registered, in addition to the regular
registration fee. The bill creates a special non lapsing fund
titled the U.S. Olympics trust fund--Texas with $10 being
deposited to the credit of the fund and $10 being deposited to
the State Highway Fund to be used only to defray the cost of
administration of the bill. Funds credited to the trust fund
would be transferred to the U.S. Olympic Committee no more than
one time per calendar year.
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 Probable Revenue
Year of State Highway Gain to the State Gain to the U.S.
Fund 006 Highway Fund 006 Olympics Trust
Fund
1996 $51,853 $5,000 $5,000
1997 6,420 7,500 7,500
1998 8,195 10,000 10,000
1999 9,970 12,500 12,500
2000 11,745 15,000 15,000
Fiscal Change in
Year Number of State
Employees from
FY 1995
1996 .1
1997 .1
1998 .1
1999 .1
2000 .1
Similar annual fiscal implications would continue as long as the
provisions of the bill are in effect.
Source: Comptroller of Public Accounts, Department of
Transportation
LBB Staff: JK, ML, DF