LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION
 
May 6, 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 personal and real property.), Committee Report 1st House, Substituted



Estimated Two-year Net Impact to General Revenue Related Funds for SB322, Committee Report 1st House, Substituted: an impact of $0 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 $0
2007 $0
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 $0 $0
2007 $0 $0
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 Sections 2175.134 and 2175.191 of the Government Code, relating to the sale of surplus and salvage property, to require that proceeds from the sale of such property originally purchased with money from the State Highway Fund shall be deposited to the credit of the State Highway Fund. The bill would specify that proceeds from the sale of surplus and salvage property of the State Aircraft Pooling Board shall be deposited in the State Highway Fund.

 

The bill would amend Section 31.1573, Natural Resources Code, to specify that proceeds from the sale of state-owned real property are to be deposited to the State Highway Fund, if the real property was originally purchased in whole or in part with monies from the State Highway Fund. 

The bill would take effect September 1, 2007.


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 2008.


Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 405 Department of Public Safety, 601 Department of Transportation
LBB Staff:
JOB, SR, MW, TG