TO: | Honorable Jim Keffer, Chair, House Committee on Economic Development |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | HB667 by Puente ( relating to the use of appropriations in the Smart Jobs Fund as business location incentives; making an appropriation.), Committee Report 1st House, Substituted |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2003 | $0 |
2004 | $0 |
2005 | $0 |
2006 | $0 |
2007 | $0 |
2008 | $0 |
Fiscal Year | Probable Savings/(Cost) fromSMART JOBS FUND 891 |
---|---|
2003 | ($15,000,000) |
2004 | $0 |
2005 | $0 |
2006 | $0 |
2007 | $0 |
2008 | $0 |
The bill authorizes the Texas Department of Economic Development to expend $15 million from unencumbered balances in the Smart Jobs Fund in fiscal year 2003.
The bill appropriates to the Texas Department of Economic Development for fiscal year 2004 any of the $15 million not expended in fiscal year 2003.
The bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2003.
Source Agencies: | 304 Comptroller Of Public Accounts, 320 Texas Workforce Commission, 480 Texas Department Of Economic Development
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LBB Staff: | JK, JRO, JO, SD, DE, RS, RT
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