SRC-TJG H.B. 3443 78(R)   BILL ANALYSIS


Senate Research Center   H.B. 3443
By: Pickett (Ogden)
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. 3443 authorizes these statutory changes for the
business and economic development agencies listed under Article VII 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

SECTION 1.  Authorizes the amounts required by statute for entities that
receive state funds under Article VII of the General Appropriations Act to
be reduced or eliminated in order to achieve a balanced budget. 

SECTION 2.  (a) Provides that this section applies to certain state
agencies.   

(b) Authorizes a state agency to which this section applies to reduce
expenditures by taking certain actions. 

SECTION 3.  Effective date: upon passage or September 1, 2003.