LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
March 25, 1997
TO: Honorable Fred Hill, Chair IN RE: House Bill No. 3531
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 funding of the Housing Trust Fund administered by the Texas
Department of Housing and Community Affairs and transfers from
the Texas Capital Trust Fund.) this office has detemined the
following:
Biennial Net Impact to General Revenue Funds by HB3531-As Introduced
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 Captial Trust
Fund No. 0543 to the Housing Trust Fund. The transfer would
occurr at the end of each fiscal quarter if the fund balance
is less than $500 million.
This bill would take effect September
1, 1997.
Methodolgy
The estimated lose is based on expected fund balances in Fund
0543. The fund balnce is usually less than $500 million therefore
quarterly transfers would be made to the Housing Trust Fund.
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 Probable Revenue
Savings/(Cost) Gain/(Loss) from
from Texas New State Fund/
Capitol Trust Outside of
Account/ General Revenue
GR-Dedicated
0543 8041
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 ,CG ,RA