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
  
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*  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