LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
May 5, 1997
TO: Honorable Fred Hill, Chair IN RE: House Bill No. 3531, Committee Report 1st House, Substituted
Committee on Urban Affairs By: Ehrhardt
House
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on HB3531 ( Relating
to the uses for the Texas capital trust fund and the funding
of and the uses for the housing trust fund.) this office has
detemined the following:
Biennial Net Impact to General Revenue Funds by HB3531-Committee Report 1st House, Substituted FN Revision 1
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
This bill would transfer the funds from the Texas Capital Trust
Fund No. 0543 to the Housing Trust Fund. The transfer would
occur at the end of each fiscal year and include any unappropriated
or unencumbered balance in the fund.
This bill would take
effect September 1, 1997.
Methodolgy
The estimated loss is based on expected fund balances in Fund
0543 established by the Comptroller's office.
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 Revenue Probable Revenue
Gain/(Loss) from Gain/(Loss) from
Texas Capitol Housing Trust
Trust Account/ Fund in the
GR-Dedicated Treasury
Safekeeping
Trust Company
0543 OTHER-OTH
1998 ($3,329,000) $3,329,000
1998 (778,000) 778,000
2000 (778,000) 778,000
2001 (778,000) 778,000
2002 (778,000) 778,000
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: 332 Department of Housing and Community Affairs
304 Comptroller of Public Accounts
LBB Staff: JK ,TL ,RA