LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

April 18, 2005

TO:	Honorable Harvey Hilderbran, Chair, House Committee on Culture, Recreation, & Tourism
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HB2954 by Hamric (Relating to the creation of a film industry incentive program.), As Introduced

Estimated Two-year Net Impact to General Revenue Related Funds for HB2954, As Introduced: a negative impact of ($30,000,000) through the biennium ending August 31, 2007.

General Revenue-Related Funds, Five-Year Impact:

Fiscal Year	Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2006	($30,000,000)
2007	$0
2008	$0
2009	$0
2010	$0

All Funds, Five-Year Impact:

Fiscal Year	Probable (Cost) from GENERAL REVENUE FUND 1
2006	($30,000,000)
2007	$0
2008	$0
2009	$0
2010	$0

Fiscal Analysis

The bill requires the Music, Film, Television, and Multimedia Office within the Office of the Governor to administer a grant program for production companies that produce films, television programs, or commercials in Texas. The bill requires the music office to develop a procedure for the submission of grant applications and the awarding of grants.

Methodology

The Governor's Budget for the 2006-07 Biennium, "A New Era of Possibility" identifies $30 million in general revenue in fiscal year 2006 for making grants to film and television production companies.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

300 Trusteed Programs Within the Office of the Governor

LBB Staff:

JOB, WK, JRO, MS, SMi