80(R) HB 3385 - Introduced version

TO:	Honorable Rick Hardcastle, Chair, House Committee on Energy Resources

FROM:	John S. O'Brien, Director, Legislative Budget Board

IN RE:	HB3385 by Chisum (Relating to the funding of relocation of Interstate Oil and Gas Compact Commission and support of other entities.), As Introduced

Estimated Two-year Net Impact to General Revenue Related Funds for HB3385, As Introduced: an impact of $0 through the biennium ending August 31, 2009.

The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.

General Revenue-Related Funds, Five-Year Impact:

Fiscal Year	Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2008	$0
2009	$0
2010	$0
2011	$0
2012	$0

All Funds, Five-Year Impact:

Fiscal Year	Probable Savings/(Cost) from COASTAL PROTECTION ACCT 27
2008	($100,000)
2009	($80,000)
2010	($80,000)
2011	($80,000)
2012	($80,000)

The bill would allow the General Land Office to use the General Revenue-Dedicated Coastal Protection Account No. 27 to pay for the relocation and support of the Interstate Oil and Gas Compact Commission (IOGCC).

This estimate assumes that the IOGCC would move from its current headquarters in Oklahoma to Austin. It would require office space for its current 10 FTEs. Assuming that each employee will require 200 square feet of office space, a total of 2,000 square feet of office space will be required.

The GLO reports that the 2006 rate of office space in Austin’s central business district was $27.74 per square foot per year. Office space for the IOGCC would therefore cost an estimated $55,480 per year. Miscellaneous expenses, including utilities, furnishing, etc. are estimated atl $44,520 for fiscal year 2008, and $24,520 in subsequent fiscal years.

If the IOGCC would not chose to relocate, there would be no fiscal impact to the state.

LEGISLATIVE BUDGET BOARD
Austin, Texas

FISCAL NOTE, 80TH LEGISLATIVE REGULAR SESSION


April 11, 2007