LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION
 
March 29, 2005

TO:
Honorable Todd Staples, Chair, Senate Committee on Transportation & Homeland Security
 
FROM:
John S. O'Brien, Deputy Director, Legislative Budget Board
 
IN RE:
SB322 by Staples (Relating to proceeds from the sale of certain state surplus and salvage personal property.), As Introduced



Estimated Two-year Net Impact to General Revenue Related Funds for SB322, As Introduced: a negative impact of ($8,000,000) through the biennium ending August 31, 2007.

The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.



Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2006 ($4,000,000)
2007 ($4,000,000)
2008 ($4,000,000)
2009 ($4,000,000)
2010 ($4,000,000)




Fiscal Year Probable Revenue Gain/(Loss) from
GENERAL REVENUE FUND
1 		Probable Revenue Gain/(Loss) from
STATE HIGHWAY FUND
6
2006 ($4,000,000) $4,000,000
2007 ($4,000,000) $4,000,000
2008 ($4,000,000) $4,000,000
2009 ($4,000,000) $4,000,000
2010 ($4,000,000) $4,000,000

Fiscal Analysis

The bill would amend Chapter 2175 of the Government Code, relating to the proceeds from the sale of state surplus and salvage property. The proceeds from the sale of surplus and salvage property of the Texas Department of Transportation, the Texas Department of Public Safety, and the State Aircraft Pooling Board would be required to be deposited to the State Highway Fund.

This bill would take effect September 1, 2005.


Methodology

Under current law, the proceeds from the sale of surplus and salvage property are deposited to credit of the General Revenue Fund with the exception of proceeds from the sale of State Aircraft Pooling Board property, which are deposited to the credit of the board.

Based on the analysis of the Comptroller of Public Accounts, it is assumed the provisions of the bill would result in an annual revenue gain of $4 million to the State Highway Fund and an annual revenue loss of $4 million to the General Revenue Fund beginning in fiscal year 2006.


Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
304 Comptroller of Public Accounts, 405 Department of Public Safety, 601 Department of Transportation
LBB Staff:
JOB, SR, MW, TG