Honorable Florence Shapiro, Chair, Senate Committee on Education
John Keel, Director, Legislative Budget Board
SB1319 by Nelson (Relating to the establishment of a school of pharmacy at the University of North Texas Health Science Center at Fort Worth.), As Introduced
|Fiscal Year||Probable Net Positive/(Negative) Impact to General Revenue Related Funds|
|Fiscal Year||Probable (Cost) fromGENERAL REVENUE FUND
|Change in Number of State Employees from FY 2003|
The THECB estimates the construction of a 60,000 square foot pharmacy building would cost $21,517,868 in tuition revenue bonds and be completed and ready for occupancy in May 2007. In addition, debt service is estimated at $1,075,893 (assuming a bond rate of 4 percent for 20 years) per year, beginning in fiscal year 2006. Additionally, it is estimated operation and maintenance costs of $250,000 for the pharmacy building would start occuring by fiscal year 2009.
For the 2004-05 biennium, the THECB estimates there would be a cost of $350,000 to begin the curriculum design and accreditation process and allow the University of North Texas Health Science Center (UNTHSC) to hire one pharmacy educator and one dean. Beginning in fiscal year 2006, it is estimated UNTHSC would need to hire additional faculty and staff ( 1.5 in fiscal year 2006 and 1.5 in fiscal year 2007). It is estimated the cost would be $256,714 in fiscal year 2006 and $482,783 in fiscal year 2007 for salaries and benefits for all employees. Additionally, the estimate assumes there would be operating cost and capital expenditures that would cost $1,743,286 in fiscal year 2006 and $1,767,217 in fiscal year 2007.
In Fall 2007 (fiscal year 2008), the school would enroll the first class of 65 students and would need to hire fifteen additional faculty and staff. It is estimated the cost would be $1,518,417 for salaries and benefits for all employees. The estimate assumes operating cost and capital expenditures would be ongoing and cost $3,141,317 in fiscal year 2008.
Based on this timeline, the school would be eligible for formula funding for instruction beginning in fiscal year 2010. Also, using the Texas Tech model, the UNTHSC would continue to receive special item funding for the college of pharmacy through fiscal year 2011.
The THECB has estimated there would be cost to complete the impact statement but would be absorbed within existing agency resources.
763 University of North Texas Health Science Center at Fort Worth, 781 Higher Education Coordinating Board
JK, JO, CT, PF, GS