LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session March 31, 1997 TO: Honorable Bob Hunter, Chair IN RE: House Bill No. 2838 Committee on State, Federal & International Relations By: Carter House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB2838 ( Relating to cash reserves in regional library systems.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB2838-As Introduced No significant fiscal implication to the State is anticipated. The bill would require regional library systems to return to the State Library and Archives Commission all funds in excess of 5 percent of annual system operation grant general revenue funds that are unexpended at the end of the second quarter following the fiscal year in which they were granted. The bill would take effect September 1, 1997. Current law requires libraries to refund all unexpended grants to the State Library and Archives Commission. The average general revenue grant to regional library systems has been approximately $470,000. If regional library systems retained the full 5 percent permitted by the bill, there would be a small gain to local governments. The loss to the general revenue fund would be minimal. No significant fiscal implication to units of local government is anticipated. Source: Agencies: LBB Staff: JK ,TH