Honorable Dan Branch, Chair, House Committee on Higher Education
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
SB1849 by Shapleigh (Relating to the student endowment scholarship and internship program fund at The University of Texas at El Paso.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill authorizes a student endowment fund fee, not to exceed $1.00 per term, at The University of Texas at El Paso. The fee must be used to establish a student endowment fund. The fee is in addition to any other fee authorized by law and may not be considered in determining the maximum amount of student services fess that may be imposed. The University of Texas System has indicated that if the fee is imposed it would begin with the 2010 fall semester and generate approximately $47,500 in fiscal year 2011 with slight increases in the subsquent years.
Local Government Impact
No fiscal implication to units of local government is anticipated.