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