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