TO: | Honorable Phil King, Chair, House Committee on Regulated Industries |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB735 by Straus (Relating to the discontinuation of the Telecommunications Infrastructure Fund.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2008 | ($157,964,000) |
2009 | ($211,185,000) |
2010 | ($211,754,000) |
2011 | ($212,325,000) |
2012 | $0 |
Fiscal Year | Probable Revenue Gain/(Loss) from GENERAL REVENUE FUND 1 |
---|---|
2008 | ($157,964,000) |
2009 | ($211,185,000) |
2010 | ($211,754,000) |
2011 | ($212,325,000) |
2012 | $0 |
The bill would repeal Chapter 57, Subchapter C of the Utilities Code, abolishing the Telecommunications Infrastructure Fund (TIF) assessment, effective October 1, 2007. The bill also would abolish statutory requirements of funding TIF programs and make conforming changes. The bill would set the due date for the TIF assessment imposed for the 3rd quarter of calendar 2007 on the last day of October 2007.
Source Agencies: | 304 Comptroller of Public Accounts, 313 Department of Information Resources, 701 Central Education Agency
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LBB Staff: | JOB, JRO, UP, JGM
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