LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session Revision 1 May 11, 2001 TO: Honorable Rodney Ellis, Chair, Senate Committee on Finance FROM: John Keel, Director, Legislative Budget Board IN RE: HB3088 by Turner, Sylvester (Relating to the creation and re-creation of funds and accounts in the state treasury, the dedication and rededication of revenue, and the exemption of unappropriated money from use for general governmental purposes.), As Engrossed ************************************************************************** * Estimated Two-year Net Impact to General Revenue Related Funds for * * HB 3088, As Engrossed: positive impact of $380,377,000 through * * the biennium ending August 31, 2003. * ************************************************************************** The bill would abolish funds, accounts, and revenue dedications created by the Seventy-seventh Legislature, Regular Session, unless specifically exempted in this bill. The bill identifies the funds, accounts and revenue dedications exempt from abolition. The bill also lists funds that, if created by the Seventy-seventh Legislature, would become accounts in the General Revenue Fund rather than separate funds. The bill would re-create the Pan American Games Trust Fund initially created in the Seventy-sixth Legislature. The bill would allow the Comptroller, as directed by the legislature, to reduce dedicated accounts in the amounts by which estimated revenues and unobligated balances exceeded appropriations on August 31, 2003. The bill would make the Telecommunications Infrastructure Fund (TIF) an account in the General Revenue Fund which would increase the amount available for certification from the General Revenue Fund in the 2002-03 biennium by $380,377,000. However, if Senate Bill 1783, which would reduce the TIF assessment to 0.5 percent, becomes law, the increase in the amount available for certification from the General Revenue Fund in the 2002-02 biennium would only be $108,200,000. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, SD, WP, RS