LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 2, 1997
         
         
      TO: Honorable Robert Junell, Chair            IN RE:  House Bill No. 2948
          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-As Introduced
         
The fiscal implications of the bill through the 1998-99 biennium 
would depend on actions of the Seventy-fifth Legislature relating 
to revenue dedication and the creation of funds and accounts.
         

         
 
FISCAL ANALYSIS AND METHODOLOGY
The bill would abolish funds, 
accounts, and revenue dedications created by the Seventy-fifth 
Legislature, Regular Session, unless specifically exempted in 
this bill.  Dedications, funds, and accounts created by the 
Seventy-fifth Legislature that were enacted to comply with the 
constitution or federal requirements 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.)

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 unobligated 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.
          
LOCAL
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