TO: | Honorable Anna Mowery, Chair, House Committee on Land & Resource Management |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | SB1273 by Jackson, Mike (Relating to the establishment of the Texas Farm and Ranch Lands Conservation Program ), Committee Report 2nd House, Substituted |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2006 | ($150,000) |
2007 | ($150,000) |
2008 | ($150,000) |
2009 | ($150,000) |
2010 | ($150,000) |
Fiscal Year | Probable Savings/(Cost) from GENERAL REVENUE FUND 1 |
Probable Revenue Gain/(Loss) from New GR-D Dedicated Texas Farm and Ranch Lands Conservation Fund |
Probable Savings/(Cost) from New GR-Dedicated Texas Farm and Ranch Lands Conservation Fund |
---|---|---|---|
2006 | ($150,000) | $150,000 | ($150,000) |
2007 | ($150,000) | $150,000 | ($150,000) |
2008 | ($150,000) | $150,000 | ($150,000) |
2009 | ($150,000) | $150,000 | ($150,000) |
2010 | ($150,000) | $150,000 | ($150,000) |
The bill would create the Texas Farm and Ranch Lands Conservation Program to be administered by the General Land Office (GLO), and a new General Revenue-Dedicated Account within the General Revenue Fund, the Texas Farm and Ranch Lands Conservation Fund, which would consist of money transferred to the account at the direction of the Legislature; public or private gifts, grants, donations, or contributions; and money from other sources including mitigation and bond proceeds. The program would provide matching grants to be used for the purchase of agricultural conservation easements. The maximum state match for these grants is 50 percent, and state administrative costs may not exceed 5 percent of the funds in the new account.
The bill also requires that the GLO provide certain information regarding each property subject to easements associated with this legislation to the Texas Department of Transportation.
The agency anticipates that the Texas Farm and Ranch Lands Conservation program will fund 12 easement grants per year at a cost of $25,000 each, for total cost of $300,000. Given that the maximum state match for these grants is 50 percent, the state cost will be $150,000 a fiscal year.
Source Agencies: | 305 General Land Office and Veterans' Land Board
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LBB Staff: | JOB, WK, ZS, JF
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