LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session March 25, 1999 TO: Honorable Bob Turner, Chair, House Committee on Public Safety FROM: John Keel, Director, Legislative Budget Board IN RE: HB1059 by Keel (Relating to the regulation of amusement rides; providing a penalty.), Committee Report 1st House, Substituted ************************************************************************** * Estimated Two-year Net Impact to General Revenue Related Funds for * * HB1059, Committee Report 1st House, Substituted: positive impact * * of $0 through the biennium ending August 31, 2001. * * * * The bill would make no appropriation but could provide the legal * * basis for an appropriation of funds to implement the provisions of * * the bill. * ************************************************************************** General Revenue-Related Funds, Five-Year Impact: **************************************************** * Fiscal Year Probable Net Positive/(Negative) * * Impact to General Revenue Related * * Funds * * 2000 $0 * * 2001 0 * * 2002 0 * * 2003 0 * * 2004 0 * **************************************************** All Funds, Five-Year Impact: ***************************************************** * Fiscal Year Probable Revenue Gain/(Loss) from * * Texas Department of Insurance * * Operating Account/ GR-Dedicated * * 0036 * * 2000 $28,000 * * 2001 28,000 * * 2002 28,000 * * 2003 28,000 * * 2004 28,000 * ***************************************************** Fiscal Analysis The bill would eliminate the distinction between Class A and Class B amusement rides for the purposes of insurance liability-limits not less than one million dollars per occurrence for all amusement rides. The bill would increase the fee that the Department of Insurance could charge from $20 to $40 for administering the regulation of amusement rides. Methodology Currently, there are approximately 1,400 amusement rides in operation in Texas. The additional $20 times 1,400 equals an increase in revenue of $28,000 annually. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JK, MD