TO: | Honorable Yvonne Davis, Chair, House Committee on Urban Affairs |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB3163 by Davis, Yvonne (Relating to funding the housing trust fund.), Committee Report 1st House, Substituted |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | ($9,207,323) |
2011 | ($9,207,322) |
2012 | $0 |
2013 | $0 |
2014 | $0 |
Fiscal Year | Probable (Cost) from General Revenue Fund 1 |
Probable Revenue Gain from Housing Trust Fund - Fund Held Outside the Treasury |
---|---|---|
2010 | ($9,207,323) | $10,000,000 |
2011 | ($9,207,322) | $10,000,000 |
2012 | $0 | $0 |
2013 | $0 | $0 |
2014 | $0 | $0 |
The bill would amend the Government Code relating to funding the Housing Trust Fund (HTF). The HTF is a trust fund held outside the Treasury by the Texas Treasury Safekeeping Trust Company.
The bill appropriates $10 million in General Revenue to the HTF in fiscal year 2010 and fiscal year 2011. The bill also decreases General Revenue to the Department of Information Resources (DIR) by $10 million if fiscal year 2010 and fiscal year 2011.
This bill would take effect September 1, 2009.
Source Agencies: | 304 Comptroller of Public Accounts, 332 Department of Housing and Community Affairs
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LBB Staff: | JOB, DB, MW, NV, TP
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