LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
May 31, 1997
TO: Honorable Bob Bullock Honorable James E. "Pete" Laney
Lieutenant Governor Speaker of the House
Senate
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on SB1311 ( Relating
to providing scholarships at institutions of higher education
for certain out-of-state internship programs.) this office has
detemined the following:
Biennial Net Impact to General Revenue Funds by SB1311-Conference Committee Report
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.
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 establish the Texas-Washington D.C. Intern Scholarship
Program and define eligibility for the program. The bill would
give the Texas Higher Education Coordinating Board responsibility
for administering the program. The program would be funded
through legislative appropriations, gifts, and/or grants. The
bill would require institutions to provide tuition and fee exemptions
for certain recipients but would authorize administrative fees
to cover the costs of administering the internship.
The bill
would be effective beginning September 1, 1999.
Methodolgy
It is estimated that the number of grants would be 100 per year
and the amount of each grant to be approximately $2,000. Therefore,
the cost of the program would be up to $200,000 per year. It
is assumed that the administrative costs to the Coordinating
Board would be paid from program funds.
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 $0
1998 0
2000 (200,000)
2001 (200,000)
2002 (200,000)
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 (200,000)
2001 (200,000)
2002 (200,000)
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:
LBB Staff: JK ,LP ,LD