LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session February 3, 2001 TO: Honorable Jim Solis, Chair, House Committee on Economic Development FROM: John Keel, Director, Legislative Budget Board IN RE: HB32 by McClendon (Relating to the composition of the governing board of the Texas Department of Economic Development.), As Introduced ************************************************************************** * Estimated Two-year Net Impact to General Revenue Related Funds for * * HB32, As Introduced: positive impact of $34,600 through the * * biennium ending August 31, 2003. * * * * 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 amend Sections 481.004 (A) and (B) to change the governing board of the Texas Department of Economic Development from nine to five public members with staggered six year terms expiring February 1 of each odd-numbered year. General Revenue-Related Funds, Five-Year Impact: **************************************************** * Fiscal Year Probable Net Positive/(Negative) * * Impact to General Revenue Related * * Funds * * 2002 $17,300 * * 2003 17,300 * * 2004 17,300 * * 2005 17,300 * * 2006 17,300 * **************************************************** All Funds, Five-Year Impact: ***************************************************** * Fiscal Year Probable Savings/(Cost) from * * General Revenue Fund * * 0001 * * 2002 $17,300 * * 2003 17,300 * * 2004 17,300 * * 2005 17,300 * * 2006 17,300 * ***************************************************** Fiscal Analysis The bill would reduce the number of board members of the Texas Department of Economic Development from nine to five members resulting in reduced cost associated with board member travel. Methodology The Department currently spends an estimated $38,931 per year related to board member travel and other expenses. Reducing the number of board members to five would result in a general revenue savings of $17,300 per year. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: 480 Department of Economic Development LBB Staff: JK, JO, RT, ER