LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 30, 1997
         
         
      TO: Honorable Tony J. Goolsby, Chair            IN RE:  Senate Bill No. 1301, Committee Report 2nd House, Substituted
          Committee on House Administration                              By: Harris
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB1301 ( relating 
to parking, vehicle traffic, and security in the Capitol Complex) 
this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by SB1301-Committee Report 2nd House, Substituted
         
Implementing the provisions of the bill would result in a net 
negative impact of $(2,796,019) 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
 
The bill would provide authority for the installation of parking 
meters in the Capitol Complex; it would also designate that 
revenues from the meters be equally divided between the State 
Preservation Board (Capitol Fund) and Department of Public Safety 
(State Parking Fund 125), after the Capitol Fund is reimbursed 
for the cost of the installation.

The bill would authorize 
the issuance of bonds to finance the construction of parking 
garages in the Capitol Complex.  The bill would authorize the 
State Preservation Board to charge a fee for parking in a facility 
designated for visitors.  Revenue from the fee would be credited 
to the Capitol Fund.  If revenue bonds are issued for construction 
of the facility, the State Preservation Board would be required 
to transfer parking fee revenue to the Texas Public Finance 
Authority to pay debt service on not more than one-half of the 
amount of bonds issued for the visitor's parking garage.
 
Methodolgy
 
The parking meter installation costs of approximately $329,000 
are based on the Department of Public Safety's estimate of 814 
parking meters being installed in the Capitol Complex area. 
 The State Preservation Board expects to initially pay for this 
cost from its Capitol Fund, to be reimbursed in full by the 
first revenues collected from the meters.  The Department of 
Public Safety estimates that annual revenues collected from 
the use of the parking meters will total $1,562,880.  The estimated 
costs and revenues assume that the bill would become effective 
immediately upon enactment.

The Texas Public Finance Authority 
estimates the total amount of bond proceeds needed to finance 
the construction of the parking garages is $38.8 million.  The 
estimated debt service on these bonds is $1.7 million in fiscal 
year 1998 and $3.5 in fiscal year 1999.  The State Preservation 
Board estimates that the revenues from a fee charged for use 
of the visitor's parking facility will be $1,276,800 per year, 
to be credited to the Capitol Fund.  The transfer from the Capitol 
Fund to the General Revenue Fund to pay one-half the debt service 
on only the visitor's parking garage is approximately $311,567 
in fiscal year 1998 and $641,500 in fiscal year 1999.  The State 
Preservation Board estimates that the cost to operate the visitor's 
parking garage would be $270,000 per year.
The probable fiscal implications of implementing the provisions 
of the bill during each of the first five years following passage 
is estimated as follows:
 
Six Year Impact:
 
Fiscal Year Probable           Probable Revenue   Probable Revenue   Probable           
            Savings/(Cost)     Gain/(Loss) from   Gain/(Loss) from   Savings/(Cost)                       
            from  Capitol      New - General       Capitol Fund -    from General                         
            Fund - Outside     Revenue Related    Outside Treasury   Revenue Fund                         
            Treasury           - State Parking                                                            
                               Fund 125                                                                   
            OUTSIDE            NEW-GR             OUTSIDE            0001                                  
       1997        ($329,078)                $0                $0                $0                  
       1997         (270,000)           616,901         2,222,779       (1,681,551)                  
       1999         (270,000)           781,440         2,058,240       (3,465,875)                  
       2000         (270,000)           781,440         2,058,240       (3,469,987)                  
       2001         (270,000)           781,440         2,058,240       (3,464,949)                  
       2002         (270,000)           781,440         2,058,240       (3,470,199)                  
 
 
Fiscal Year Probable Revenue   Probable Revenue   
            Gain/(Loss) from   Gain/(Loss) from                                                           
            Capitol Fund -     General Revenue                                                            
            Outside Treasury   Fund                                                                       
            OUTSIDE            0001                                                                        
       1997                $0                $0                                                      
       1998         (311,566)           311,566                                                      
       1999         (641,500)           641,500                                                      
       2000         (644,312)           644,312                                                      
       2001         (641,312)           641,312                                                      
       2002         (642,500)           642,500                                                      
 
         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
               1997                   $0
               1998            (753,084)
               1999          (2,042,935)
               2000          (2,044,235)
               2001          (2,042,197)
               2002          (2,046,259)
 
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:   809   Preservation Board
                                         405   Department of Public Safety
                                         303   General Services Commission
                                         
                      LBB Staff:   JK ,RR ,DM