SRC-TJG H.B. 3378 78(R)   BILL ANALYSIS


Senate Research Center   H.B. 3378
By: Hope (Shapleigh)
Finance
5/20/2003
Engrossed


DIGEST AND PURPOSE 

Due to the current budget shortfall, state agencies and institutions of
higher education were asked to prioritize spending based on core functions
and essential services. Legislators looked to these priorities in
preparation of the budget; however, certain statutory changes are also
needed to conform with appropriations levels in the 2004-05 General
Appropriations Act.  H.B. 3378 authorizes these statutory changes for the
regulatory agencies listed under Article VIII of the 2004-05 General
Appropriations Act.  

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to
a state officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

ARTICLE 1.  BALANCED BUDGET AUTHORITY

SECTION 1.01.  AUTHORITY.  Authorizes the amounts required by statute for
entities that receive state funds under Article VIII of the General
Appropriations Act to be reduced or eliminated in order to achieve a
balanced budget. 

ARTICLE 2.  CONFORMING AMENDMENTS

SECTION 2.01.  TEXAS WORKERS' COMPENSATION COMMISSION.  Amends Section
403.006(a), Labor Code, to provide that the subsequent injury fund is a
dedicated general revenue account, rather than a special fund, in the
state treasury.  

SECTION 2.02.  PUBLIC UTILITIES COMMISSION.  Reenacts and amends Section
39.903(a), Utilities Code, as amended by Chapters 1394 and 1466, Acts of
the 77th Legislature, Regular Session, 2001, to delete existing text
authorizing the system benefit fund to be appropriated only for the
purposes provided by this section.  Deletes existing text providing that
the system benefit fund is created as a trust fund with the comptroller of
public accounts (comptroller) in the state treasury. 

SECTION 2.03.  TEXAS DEPARTMENT OF BANKING.  (a) Amends Section
342.201(f), Financial Code, to authorize, rather than require, one dollar
of each administrative fee to be deposited with the comptroller for use in
carrying out the finance commission's responsibilities under Section
11.3055, rather than 11.305. 

 (b) Amends Section 342.308(c), Finance Code, to make conforming changes.

(c) Redesignates Sections 11.305(a) and (b), Finance Code, as amended by
Chapter 867, Acts of the 77th Legislature, Regular Session, 2001, as
Section 11.3055, Finance Code, and reenacts it as follows: 

Sec. 11.3055.  FINANCIAL SERVICES STUDY.  (a) Authorizes, rather than
requires, the finance commission to assign certain individuals to conduct
research on certain topics. 
 
(b) No change to this subsection.

ARTICLE 3.  EFFECTIVE DATE

SECTION 3.01.  EFFECTIVE DATE.  Effective date: upon passage or September
1, 2003.