LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session April 1, 1999 TO: Honorable Irma Rangel, Chair, House Committee on Higher Education FROM: John Keel, Director, Legislative Budget Board IN RE: HB1576 by Gallego (relating to the repayment of student loans for certain public school teachers and college and university faculty members), Committee Report 1st House, Substituted ************************************************************************** * Estimated Two-year Net Impact to General Revenue Related Funds for * * HB1576, Committee Report 1st House, Substituted: negative impact * * of $(118,660) through the biennium ending August 31, 2001. * ************************************************************************** General Revenue-Related Funds, Five-Year Net Impact: **************************************************** * Fiscal Year Probable Net Positive/(Negative) * * Impact to General Revenue Related * * Funds * * 2000 $(62,330) * * 2001 (56,330) * * 2002 (56,330) * * 2003 (56,330) * * 2004 (56,330) * **************************************************** All Funds, Five-Year Impact: *************************************************************************** *Fiscal Probable Revenue Gain/(Loss) Change in Number of State * * Year from General Revenue Fund Employees from FY 1999 * * 0001 * * 2000 $(62,330) 0.5 * * 2001 (56,330) 0.5 * * 2002 (56,330) 0.5 * * 2003 (56,330) 0.5 * * 2004 (56,330) 0.5 * *************************************************************************** Fiscal Analysis The bill would amend existing statute to make loan repayment assistance available to full-time faculty who received a doctoral degree after September 1, 1994 and who teach in an institution of higher education in a county that borders Mexico. Methodology The Higher Education Coordinating Board (THECB) provided the basis for this estimate. THECB estimated the number of faculty members with doctorates at border institutions and the percentage with college debt that would benefit from the provisions of the bill. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JK, CT, PF