LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
April 18, 1997
TO: Honorable Bill Ratliff, Chair IN RE: Senate Bill No. 1311, Committee Report 1st House, Substituted
Committee on Finance By: Moncrief
Senate
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on SB1311 ( relating
to providing scholarships to students 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-Committee Report 1st House, Substituted
Implementing the provisions of the bill would result in a net
negative impact of $(400,000) 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
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. Administrative
costs to the board would be funded from program funds.
Methodolgy
The bill would limit the number of grants to 100 per year and
the amount of each grant to the lesser of $2,000 or the student's
documented financial need. Therefore, the cost of the program
would be up to $200,000 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:
Five Year Impact:
Fiscal Year Probable
Savings/(Cost)
from General
Revenue Fund
0001
1998 ($200,000)
1998 (200,000)
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 ($200,000)
1999 (200,000)
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:
781 Higher Education Coordinating Board
LBB Staff: JK ,RR ,LD