LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 77th Regular Session
May 7, 2001
TO: Honorable David Sibley, Chair, Senate Committee on
Business & Commerce
FROM: John Keel, Director, Legislative Budget Board
IN RE: SB1837 by Shapleigh (Relating to the creation of the
Texas Border Strategic Investment Commission; making an
appropriation.), As Introduced
**************************************************************************
* Estimated Two-year Net Impact to General Revenue Related Funds for *
* SB1837, As Introduced: positive impact of $0 through the biennium *
* ending August 31, 2003. *
**************************************************************************
Appropriations:
*****************************************************
* Fiscal Year Appropriation out of Economic *
* Stabilization Fund 0599 *
* 2002 $(250,000,000) *
* 2003 0 *
*****************************************************
General Revenue-Related Funds, Five-Year Impact:
****************************************************
* Fiscal Year Probable Net Positive/(Negative) *
* Impact to General Revenue Related *
* Funds *
* 2002 $0 *
* 2003 0 *
* 2004 0 *
* 2005 0 *
* 2006 0 *
****************************************************
All Funds, Five-Year Impact:
*****************************************************
* Fiscal Year Probable Savings/(Cost) from *
* Economic Stabilization Fund 0599 *
* 2002 $(250,000,000) *
* 2003 0 *
* 2004 0 *
* 2005 0 *
* 2006 0 *
*****************************************************
Fiscal Analysis
Senate Bill 1837 would amend the Government Code to establish the Texas
Border Strategic Investment Commission. The purpose of the commission
would be to address the future economic health of Texas by bringing a
statewide perspective to strategic Texas-Mexico border region
investments.
The commission would consist of the Lieutenant Governor, the Speaker of
the House of Representatives, the Comptroller, the Commissioner of
Agriculture, and the Secretary of State.
No later than December 1 of each even-numbered year, the commission would
submit a report to the Legislature identifying initiatives that received
funding as well as their effect on the number of jobs created, the
impact on wage rates in the specified areas, wages and benefits paid for
new jobs as compared to the county-wide average wage for the particular
industry sector that received funding, and the duration of the jobs
created.
The commission would be appropriated $250 million from the Economic
Stabilization Fund 0599 for the 2002-03 biennium. In addition to any
appropriated amount, the commission could apply for and accept funds from
the federal government, or any other public or private entity.
This bill would take effect immediately upon enactment, assuming that it
received two-thirds majority votes in both houses of the Legislature.
Otherwise, it would take effect September 1, 2001.
Methodology
Senate Bill 1837 appropriates $250 million from the economic
stabilization fund to the Texas Border Strategic Investment Commission
for the 2002-03 biennium. An appropriation from the economic
stabilization fund must be approved by a two-thirds vote of the members
present in each house of the legislature.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 307 Secretary of State, 551 Texas Department of
Agriculture, 304 Comptroller of Public Accounts
LBB Staff: JK, JO, MF, JC