LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
April 10, 1997
TO: Honorable Robert Junell, Chair IN RE: House Bill No. 538, Committee Report 1st House,
as amended
Committee on Appropriations By: Maxey
House
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on HB538 ( relating
to the distribution of general revenue appropriations to certain
institutions of higher education) this office has detemined
the following:
Biennial Net Impact to General Revenue Funds by HB538-Committee Report 1st House, as amended
No fiscal implication to the State is anticipated.
FISCAL ANALYSIS
The bill would require the Comptroller of Public
Accounts to make available general revenue appropriations to
all institutions of higher education, except public junior colleges,
in 10 installments as defined by the bill on the first business
day of each month. In addition, the bill would allow the Comptroller
to make available all or part of the monthly installments to
an institution early, if the Comptroller determined that the
institution had an unusual need for it.
The bill would take
effect September 1, 1997.
The bill would partially implement
the Texas Performance Review recommendation ED20 in Disturbing
the Peace: The Challenge of Change in Texas Government.
METHODOLOGY
Based
on an examination of general revenue spending patterns of institutions
in 1995, actual general revenue spending is below the caps established
by the bill. It is assumed that those spending practices would
continue and that interest earnings for the Treasury and local
accounts would remain at current levels. Therefore, there would
be no fiscal impact to the state.
LOCAL
No fiscal implication to units of local government is
anticipated.
Source: Agencies: 304 Comptroller of Public Accounts
LBB Staff: JK ,RR ,LD