LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 76th Regular Session
May 7, 1999
TO: Honorable Irma Rangel, Chair, House Committee on Higher
Education
FROM: John Keel, Director, Legislative Budget Board
IN RE: SB848 by Nixon, Drew (Relating to the use of a
scholarship fund for fifth-year accounting students), As
Engrossed
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* Estimated Two-year Net Impact to General Revenue Related Funds for *
* SB848, As Engrossed: negative impact of $(2,293,000) 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. *
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General Revenue-Related Funds, Six-Year Net Impact:
****************************************************
* Fiscal Year Probable Net Positive/(Negative) *
* Impact to General Revenue Related *
* Funds *
* 1999 $(2,293,000) *
* 2000 0 *
* 2001 0 *
* 2002 0 *
* 2003 0 *
* 2004 0 *
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All Funds, Six-Year Impact:
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*Fiscal Probable Revenue Probable Revenue Probable Revenue *
* Year Gain/(Loss) from Gain/(Loss) from Gain/(Loss) from *
* Scholarship Fund 5th ScholarshipFund for General Revenue Fund *
* Year Account 5th Year Accounting Certification Loss *
* Students Account/ Students 0001 *
* GR-Dedicated 8041 *
* 0106 *
* 1999 $(2,293,000) $2,293,000 $(2,293,000) *
* 2000 (707,000) 707,000 0 *
* 2001 (725,000) 725,000 0 *
* 2002 (725,000) 725,000 0 *
* 2003 (725,000) 725,000 0 *
* 2004 (725,000) 725,000 0 *
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Fiscal Analysis
This bill would create the Scholarship Fund for Fifth-Year Accounting
Students in the State Treasury outside of the General Revenue Fund. On
the bill's effective date, the balance in the existing GR-Account 0106
would be transferred to the new fund, and all future revenues would be
deposited into the new fund.
There would be a loss to dedicated General Revenue and an equal gain to
the Special Scholarship Fund for Fifth-Year Accounting Students that
would be created by this bill.
Methodology
The Comptroller of Public Accounts provided the estimates.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 781 Higher Education Coordinating Board, 304
Comptroller of Public Accounts
LBB Staff: JK, CT, BB, LD