LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
March 24, 1997
TO: Honorable Pete Patterson, Chair IN RE: House Bill No. 2499
Committee on Agriculture & Livestock By: Patterson, L.P. "Pete"
House
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on HB2499 ( Relating
to the family farm and ranch finance program.) this office has
detemined the following:
Biennial Net Impact to General Revenue Funds by HB2499-As Introduced
Implementing the provisions of the bill would result in a
net impact of $0 to General Revenue Related Funds through the
biennium ending August 31, 1999.
The bill would make no appropriation but could provide the legal
basis for an appropriation of funds to implement the provisions
of the bill.
Fiscal Analysis
The bill would amend provisions relating to the family farm
and ranch finance program, administered by the Texas Department
of Agriculture, including changing certain lending requirements
and loan amounts needed to qualify for participation in the
program. The bill would also transfer the balance and income
of the Farm and Ranch Loan Security Fund (Fund 474) estimated
to be $460,000 to the Farm and Ranch Finance Program Fund (Fund
575) established by Article III, Section 49-f of the Texas Constitution,
to be used to administer the farm and ranch finance program.
Methodolgy
It is assumed that if the bill passes, the transfer of funds
would take place on September 1, 1997. The estimated transfer
amount is based on current fund balance.
The probable fiscal implications of implementing the provisions
of the bill during each of the first five years following passage
is estimated as follows:
Five Year Impact:
Fiscal Year Probable Probable Revenue
Savings/(Cost) Gain/(Loss) from
from Farm and Farm and Ranch
Ranch Loan Finance Program
Security Fund Fund
0474 0575
1998 ($460,000) $460,000
1998 0 0
2000 0 0
2001 0 0
2002 0 0
Net Impact on General Revenue Related Funds:
The probable fiscal implication to General Revenue related funds
during each of the first five years is estimated as follows:
Fiscal Year Probable Net Postive/(Negative)
General Revenue Related Funds
Funds
1998 $0
1999 0
2000 0
2001 0
2002 0
Similar annual fiscal implications would continue as long as
the provisions of the bill are in effect.
No fiscal implication to units of local government is anticipated.
Source: Agencies: 551 Department of Agriculture
LBB Staff: JK ,BB ,JH