TO: | Honorable Helen Giddings, Chair, House Committee on Business & Industry |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2277 by Chisum (Relating to delivery of certain unclaimed money to a rural scholarship fund.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2008 | ($1,500,000) |
2009 | ($1,700,000) |
2010 | ($1,700,000) |
2011 | ($1,700,000) |
2012 | ($1,700,000) |
Fiscal Year | Probable Revenue Gain/(Loss) from GENERAL REVENUE FUND 1 |
---|---|
2008 | ($1,500,000) |
2009 | ($1,700,000) |
2010 | ($1,700,000) |
2011 | ($1,700,000) |
2012 | ($1,700,000) |
The bill would amend Section 74 of the Property Code to remove the $400,000 cap on the amount of money that could be transferred by all local telephone exchange companies to a rural scholarship fund.
The bill would take effect September 1, 2007.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, JRO, SD, EB
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