TO: | Honorable Joe Deshotel, Chair, House Committee on Economic Development |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2867 by Swinford (Relating to the recovery by the Texas Workforce Commission of unpaid unemployment compensation contributions and improper unemployment compensation benefits.), As Introduced |
The bill would amend the Labor Code relating to the recovery by the Texas Workforce Commission (TWC) of unpaid unemployment compensation contributions and improper unemployment compensation benefits. TWC estimates the impact to the Unemployment Insurance Trust Fund would be an increase in revenues/savings of approximately $1.2 million per year for fiscal years 2008-2012, totaling approximately $5.9 million over the five-year period. The Unemployment Insurance Trust Fund is not in the state treasury.
Based on the analysis of the Texas Workforce Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
This bill would take effect September 1, 2007.
Source Agencies: | 302 Office of the Attorney General, 304 Comptroller of Public Accounts, 320 Texas Workforce Commission
|
LBB Staff: | JOB, JRO, MW, NV
|