LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION
 
May 26, 2005

TO:
Honorable Tom Craddick, Speaker of the House, House of Representatives
 
FROM:
John S. O'Brien, Deputy Director, Legislative Budget Board
 
IN RE:
HB3001 by Morrison (Relating to the amount of the annual constitutional appropriation to certain agencies and institutions of higher education and to the allocation of those funds to those agencies and institutions. ), As Passed 2nd House



Estimated Two-year Net Impact to General Revenue Related Funds for HB3001, As Passed 2nd House: a negative impact of ($87,500,000) through the biennium ending August 31, 2007.



Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2006 $0
2007 ($87,500,000)
2008 ($87,500,000)
2009 ($87,500,000)
2010 ($87,500,000)




Fiscal Year Probable Revenue Gain/(Loss) from
GENERAL REVENUE FUND
1
2006 $0
2007 ($87,500,000)
2008 ($87,500,000)
2009 ($87,500,000)
2010 ($87,500,000)

Fiscal Analysis

The bill would reallocate Higher Education Fund dollars among recipient institutions and increase the annual constitutional appropriation for the Higher Education Fund by $87,500,000 in the second year of the biennium. 

The added amendment makes any funding above current levels conditional upon the availability of extra funds in FY 2008 - if no such money is available, then the old dollar amounts ($175 million per annum) would continue in fiscal year 2008.


Methodology

The $87,500,000 annual cost in fiscal year 2007 to the General Revenue Fund is the amount above current yearly appropriation levels for the Higher Education Fund. 

Local Government Impact

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


Source Agencies:
LBB Staff:
JOB, SD, CT, RT, JAW