LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session April 30, 1997 TO: Honorable Carlos F. Truan, Chair IN RE: Senate Bill No. 1041 Committee on International Relations, Trade & Technology By: Truan Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB1041 ( Relating to the creation, powers, and duties of the International Trade Task Force and the promotion and development of international trade.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB1041-As Introduced Implementing the provisions of the bill would result in a net negative impact of $(100,000) 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 amend Subchapter D, Chapter 481, Government Code to create the International Trade Task Force. The bill would require the task force to develop a strategic plan to promote and develop international trade, including state goals for exports, attraction of foreign investment and increased foreign representation. The bill would require the task force to complete the plan not later than September 1, 1998 and the department to adopt a strategic plan to promote and develop international trade not later than February 1, 1999. This Act takes effect on September 1, 1997. The section of the bill mandating the development and adoption of a strategic plan for trade development expires December 1, 2000 Methodolgy The estimated cost of this bill is $100,000 for the 1998-1999 biennium. The major costs associated with the bill relate to the cost of reimbursing the travel cost of the task force. The bill would require the task force, an ongoing body of 27 members, to meet monthly at the call of the president or more frequently if necessary. The estimate assumes the administrative staff support required by the task force will be performed by the government offices and agencies assigned to the task force out of existing appropriation authority. 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 Savings/(Cost) from General Revenue Fund 0001 1998 ($50,000) 1998 (50,000) 2000 2001 2002 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 ($50,000) 1999 (50,000) 2000 0 2001 0 2002 0 Similar annual fiscal implications would continue as long as the provisions of the bill are in effect. Source: Agencies: 465 Department of Commerce LBB Staff: JK ,TH ,CG