LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session February 17, 1997 TO: Honorable Bill Ratliff, Chair IN RE: Senate Bill No. 105 Committee on Finance By: Nelson Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB105 ( Relating to the dedication of revenue derived from the state lottery to the foundation school fund.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB105-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. Fiscal Analysis The bill would amend the State Lottery Act to remove the dedication of net lottery revenue to the General Revenue Fund and instead dedicate this revenue to the Foundation School Fund, beginning September 1, 1997. Methodolgy The fiscal implications are based on the Comptroller of Public Accounts 1998-99 Biennial Revenue Estimate. 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 General Revenue Foundation Fund School Fund 0001 0193 1998 ($1,298,836,000) $1,298,836,000 1998 (1,394,824,000) 1,394,824,000 2000 (1,457,486,000) 1,457,486,000 2001 (1,511,429,000) 1,511,429,000 2002 (1,547,023,000) 1,547,023,000 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: 304 Comptroller of Public Accounts 362 Texas Lottery Commission LBB Staff: JK ,RR ,PH