TO: | Honorable Mike Jackson, Chair, Senate Committee on S/C on Agriculture & Coastal Resources |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | SB1560 by Lucio (Relating to the funding of coastal erosion response activities and the coastal management program.), As Introduced |
Fiscal Year | Appropriation out of COASTAL PROTECTION ACCT 27 |
---|---|
2006 | $2,000,000 |
2007 | $0 |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2006 | $0 |
2007 | $0 |
The bill amends various sections of the Natural Resources Code. The bill specifies that a qualified project partner must pay a share of the costs for removal of debris or removal/relocation of structures from a public beach. The bill also creates the Coastal Erosion Response Subaccount within the General Revenue-Dedicated Coastal Protection Account No. 027 and specifies that interest earned on the Coastal Protection Account be deposited into the new subaccount. The bill provides that revenue in this new subaccount be used for coastal erosion control and coastal management programs. The bill also appropriates $2,000,000 to the General Land Office (GLO) for administrative costs for the two-year period beginning September 1, 2005.
Any new account or subaccount created within the General Revenue Fund is subject to funds consolidation review by the current Legislature.
Source Agencies: | 305 General Land Office and Veterans' Land Board, 582 Commission on Environmental Quality
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LBB Staff: | JOB, WK, ZS, JF, KJG
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