| TO: | Honorable Joseph Pickett, Chair, House Committee on Transportation |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | HB3917 by Smith, Wayne (Relating to the creation and administration of the Texas Local Participation Transportation Program.), As Introduced |
Depending on how many eligible road projects would be submitted by local entities and eligible for state funding, there could be significant costs to the state.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
The bill would amend the Government Code and create the Texas Participation Transportation Fund, a dedicated account in the General Revenue Fund. The Comptroller would provide grants and loans to a municipality, county, regional mobility authority, or regional tollway authority for eligible toll or non-toll road projects as determined by the Comptroller.
Money deposited to the new General Revenue Account - Texas Local Participation Transportation consisting of money transferred to the fund at the direction of the legislature, gifts and grants, interest and earnings from investments of the fund, and money repaid by local project sponsors cannot be determined. The fees to be charged by the Comptroller from project sponsors to cover administrative costs cannot be determined.
This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either with or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
| Source Agencies: | 601 Department of Transportation, 304 Comptroller of Public Accounts
|
| LBB Staff: | JOB, KJG, SD, JM
|