LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 80TH LEGISLATIVE REGULAR SESSION
 
May 2, 2007

TO:
Honorable Warren Chisum, Chair, House Committee on Appropriations
 
FROM:
John S. O'Brien, Director, Legislative Budget Board
 
IN RE:
HB2227 by Heflin (Relating to emergency appropriations for costs associated with the special constitutional amendment election.), As Introduced



Estimated Two-year Net Impact to General Revenue Related Funds for HB2227, As Introduced: a negative impact of ($15,000,000) through the biennium ending August 31, 2009.



Fiscal Year Appropriation out of
GENERAL REVENUE FUND
1
2007 $15,000,000
2008 $0



Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2007 ($15,000,000)
2008 $0




Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2007 ($15,000,000)
2008 $0
2009 $0
2010 $0
2011 $0




Fiscal Year Probable Revenue Gain/(Loss) from
GENERAL REVENUE FUND
1
2007 ($15,000,000)
2008 $0
2009 $0
2010 $0
2011 $0

Fiscal Analysis

The bill appropriates $15 million out of the general revenue fund to the Secretary of State.


Methodology

The amount of $15 million is appropriated out of the general revenue fund to the Secretary of State for the purpose of reimbursing each county in this state for the expenses incurred in conducting a special state-mandated election to be held on May 12, 2007, on the constitutional amendment authorizing the legislature to adjust the school property tax limitation on the residence homesteads of
persons who are 65-years-old and older or disabled.


Local Government Impact

Local governments would be compensated for the expense of the special May 12th election to the extent shown in the above table. 


Source Agencies:
LBB Staff:
JOB, CT, SD