LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION
 
March 31, 2003

TO:
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
SB818 by Fraser (Relating to the regulation of certain occupations by the Texas Real Estate Commission.), As Introduced



Estimated Two-year Net Impact to General Revenue Related Funds for SB818, As Introduced: a positive impact of $38,500 through the biennium ending August 31, 2005.



Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2004 $20,500
2005 $18,000
2006 $15,500
2007 $28,000
2008 $28,000




Fiscal Year Probable Revenue Gain/(Loss) from
GENERAL REVENUE FUND
1 		Probable Savings/(Cost) from
GENERAL REVENUE FUND
1
2004 $20,500 $0
2005 $18,000 $0
2006 $15,500 $0
2007 $28,000 $0
2008 $28,000 $0

Fiscal Analysis

The bill would amend the Occupations Code to require the Texas Real Estate Commission to create a $40 maximum fee for core instructor applications and continuing education instructor applications.  The bill also increases the fee for preparing a license history to $20 from $10.

Methodology

An estimated $8,000 per year will be deposited into the General Revenue Fund to prepare 800 license  histories at an additional $10 per license.  In addition, a $25 instructor application fee and a $25 continuing education instructor application fee will be charged. The agency currently licenses instructors but does not charge a fee for the service.  The fee will take effect September 1, 2003.     An estimated $38,500 in 2004-05 will be deposited into the General Revenue Fund (2004: 500 licenses @ $25 = $12,500 and in 2005: 400 licenses @ $25 = $10,000.


Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
304 Comptroller of Public Accounts, 329 Real Estate Commission
LBB Staff:
JK, JRO, EB, JW, RT