LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session May 9, 1997 TO: Honorable Robert Junell, Chair IN RE: House Bill No. 2948, Committee Report 1st House, Substituted Committee on Appropriations By: Turner,Sylvester House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB2948 ( relating to the creation and re-creation of funds and accounts in the state treasury, the dedication, and rededication of revenue, and the exemption of unappropriated money from use for general governmental purposes) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB2948-Committee Report 1st House, Substituted The fiscal implications would depend on other actions of the Seventy-fifth Legislature. The bill would abolish funds, accounts, and revenue dedications created by the Seventy-fifth Legislature, Regular Session, unless specifically exempted in the bill. Dedications, funds, and accounts created by the Seventy-fifth Legislature that were enacted to comply with the constitution or federal requirements would be exempt. Bond funds would also be exempt. Accounts and funds specifically exempted from abolition by the bill include: the Capital Access Fund Account; the Real Estate License Inactive Status Account; the Groundwater District Loan Assistance Fund; the Texas Water Development Fund II; and the Safe Drinking Water Revolving Fund. (These fund would be exempt from abolition if they are created by the Seventy-fifth Legislature, Regular Session.) Certain real estate fees rededicated by the Seventy-fifth Legislature revenue would also be exempt from loss of dedication. The bill would prevail over other acts of the Seventy-fifth Legislature, Regular Session, that dedicated revenue or created a fund or account. The bill would allow the Comptroller to reduce dedicated accounts balances by the amounts by which estimated revenues and un-obligated balances exceeded appropriations on August 31, 1999. Funds outside the State Treasury, trust funds, funds created by the constitution or a court, and funds for which separate accounting was required by federal law would be exempt from this provision. The impact of the bill would depend on other legislation enacted by the Seventy-fifth Legislature and the level of appropriation from General Revenue dedicated accounts. The fiscal implication to units of local government would depend on other acts of the Seventy-fifth Legislature. Source: Agencies: 304 Comptroller of Public Accounts LBB Staff: JK ,RR ,RS