LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                               May 24, 2001
  
  
          TO:  Honorable James E. "Pete" Laney, Speaker of the House,
               House of Representatives
  
        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 Passed 2nd House
  
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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 create the System Benefit Fund as a trust fund, create the
Young Farmer Loan Guarantee Account and 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 balances in dedicated accounts by the amounts 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, becomes law, the increase in the amount
available for certification from the General Revenue Fund in the 2002-03
biennium would be reduced.   At a rate of 0.5 percent, the certification
gain would be only $108,200,000.  At a rate of 0.76 percent, the
certification gain would be only $202,600,000.

Making the System Benefit Fund a trust fund would not have a fiscal
impact in the 2002-03 biennium.
  
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