LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session April 22, 1999 TO: Honorable Jim Solis, Chair, House Committee on Economic Development FROM: John Keel, Director, Legislative Budget Board IN RE: HB2992 by Davis, John (relating to the creation of a business technology outreach program at the University of Houston), Committee Report 1st House, Substituted ************************************************************************** * Estimated Two-year Net Impact to General Revenue Related Funds for * * HB2992, Committee Report 1st House, Substituted: negative impact * * of $(600,000) 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. * * * * The bill would authorize the University of Houston Board of Regents * * to establish a Business Technology Outreach Progam. * ************************************************************************** General Revenue-Related Funds, Five-Year Impact: **************************************************** * Fiscal Year Probable Net Positive/(Negative) * * Impact to General Revenue Related * * Funds * * 2000 $(200,000) * * 2001 (400,000) * * 2002 (400,000) * * 2003 (400,000) * * 2004 (400,000) * **************************************************** All Funds, Five-Year Impact: ***************************************************** * Fiscal Year Probable Savings/(Cost) from * * General Revenue Fund * * 0001 * * 2000 $(200,000) * * 2001 (400,000) * * 2002 (400,000) * * 2003 (400,000) * * 2004 (400,000) * ***************************************************** Fiscal Analysis The bill would authorize the University of Houston Board of Regents to award grants and to establish an advisory board to evaluate grant proposals. Methodology Based on information provided by the Texas Aerospace Commission, it is assumed that 4 grants totaling $200,000 would be provided in the first year of the program and 6 grants totaling $600,000 would be be provided in subsequent years. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 783 University of Houston System Administration LBB Staff: JK, TH, DB