LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 77th Regular Session
April 2, 2001
TO: Honorable David Sibley, Chair, Senate Committee on
Business & Commerce
FROM: John Keel, Director, Legislative Budget Board
IN RE: SB1282 by Lucio (Relating to the funding of port
transportation or facility projects.), As Introduced
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* Estimated Two-year Net Impact to General Revenue Related Funds for *
* SB1282, As Introduced: negative impact of $(10,000,000) 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. *
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General Revenue-Related Funds, Five-Year Impact:
****************************************************
* Fiscal Year Probable Net Positive/(Negative) *
* Impact to General Revenue Related *
* Funds *
* 2002 $(9,942,751) *
* 2003 (57,249) *
* 2004 (57,249) *
* 2005 (57,249) *
* 2006 (57,249) *
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All Funds, Five-Year Impact:
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*Fiscal Probable Savings/(Cost) from Change in Number of State *
* Year General Revenue Fund Employees from FY 2001 *
* 0001 *
* 2002 $(9,942,751) 1.0 *
* 2003 (57,249) 1.0 *
* 2004 (57,249) 1.0 *
* 2005 (57,249) 1.0 *
* 2006 (57,249) 1.0 *
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Fiscal Analysis
This bill would amend the Transportation Code to create the Texas Port
Transportation and Economic Development Funding Program and the Port
Access account in the General Revenue Fund. Money credited to the
account would include funds appropriated by the Legislature for the
implementation and administration of the program, interest earned on
deposits and investments of the fund, and money received from other
sources. Money in the fund could only be appropriated to the Texas
Department of Economic Development (TDED) to fund port projects and to
pay TDED's expenses incurred under the bill.
The bill would also create the Texas Port Transportation and Economic
Development Advisory Committee, consisting of a member of the governing
body of each of the ports that were members of the Texas Ports
Association or their designees, and, as non-voting members, the
executive directors of TDED and of the General Land Office or their
designees
Methodology
TDED anticipates that the funds for administering the program would be
$10 million in General Revenue with an estimated cost of $60,849 in FY
2002 and $57,249 in FY 2003 and for each fiscal year thereafter for so
long as the program is in operation. The department also estimates the
need for one FTE to administer the program.
The roles and responsibilities of the FTE would include application
intake and review, analysis of applicants to determine economic benefit
of proposed projects, drafting of contracts and/or agreements, and
on-site monitoring of awards. The agency also anticipates travel costs
of $300 per member for the seven member advisory committee.
Local Government Impact
According to TDED, in order to receive assistance under this bill an
investment is required of either a port authority or navigation
district. The department may not fund a port transportation or facility
project unless an amount at least equal to the amount provided by the
department is invested in a project by a port authority or navigation
district.
Source Agencies: 601 Texas Department of Transportation, 304
Comptroller of Public Accounts, 480 Department of
Economic Development
LBB Staff: JK, JO, RT, ER