LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

Revision 1

April 17, 2003

TO:	Honorable Geanie Morrison, Chair, House Committee on Higher Education
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	HB1420 by Hardcastle (Relating to the use of a portion of medical school tuition for student loan repayment assistance for physicians.), Committee Report 1st House, Amended

No significant fiscal implication to the State is anticipated.

The bill would expand the current two percent tuition set-aside for loan repayments to include non-resident tuition. This would result in an additional $196,815 of tuition set-aside for loan repayments at the eight health-related institutions, which collect tuition, and a re-distribution of General Revenue formula funding.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:	304 Comptroller of Public Accounts, 781 Higher Education Coordinating Board
LBB Staff:	JK, CT, PF, MG