LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

May 13, 2003

TO:	Honorable Steve Ogden, Chair, Senate Committee on Infrastructure Development and Security
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	HB2306 by Jones, Jesse (Relating to new millennium special license plates and to the new millennium reading program account.), As Engrossed

No significant fiscal implication to the State is anticipated.

The bill would amend the Transportation Code to require the Texas Department of Transportation (TxDOT) to issue specially designed “Texas Reads” license plates for passenger cars and light trucks.  The bill would change the name of the current “New Millennium “plates to “Texas Reads” and would change the name of the “New Millennium Reading Program” General Revenue dedicated account to the “Texas Reads” General Revenue dedicated account.  The bill would allow TxDOT to issue all existing new millennium plates prior to issuing the new plates established in the bill.

 

The analysis provided by TxDOT indicates that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.

 

Because the legislation would re-create a dedicated revenue account in the General Revenue Fund, the account included in this bill would be subject to funds consolidation review by the current legislature.

 

The bill would take effect immediately upon receiving a two-thirds majority vote in both houses; otherwise, the bill would take effect September 1, 2003.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts, 601 Department of Transportation

LBB Staff:

JK, RR, MW