LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
April 6, 1997
TO: Honorable Bill Ratliff, Chair IN RE: Senate Bill No. 576
Committee on Finance By: Sibley/et al.
Senate
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on SB576 ( Relating
to the establishment of the Texas new horizons scholarship fund
to exempt worthy high school graduates from tuition and fees
at public institutions of higher education.) this office has
detemined the following:
Biennial Net Impact to General Revenue Funds by SB576-As Introduced
No significant fiscal implication to the State is anticipated.
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
The bill would amend Subchapter D, Chapter
54 of the Education Code to establish the Texas New Horizons
Scholarship Fund and would require the Texas Higher Education
Coordinating Board to issue Texas New Horizons Scholarships
to qualified high school graduates based on certain educational
and economic criteria. The bill would create a new special
fund. The fund would consist of legislative appropriations,
gifts, and/or grants. It is assumed that any administrative
costs to the Coordinating Board would be from the amounts in
the fund.
LOCAL
No fiscal implication to units of local government is
anticipated.
Source: Agencies: 781 Higher Education Coordinating Board
304 Comptroller of Public Accounts
LBB Staff: JK ,RR ,LD