TO: | Honorable Dan Branch, Chair, House Committee on Higher Education |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB2376 by Lucio (Relating to the change of the name of Texas A&M University--Kingsville to Texas A&I University.), As Engrossed |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | $0 |
2011 | ($899,000) |
2012 | $0 |
2013 | $0 |
2014 | $0 |
Fiscal Year | Probable Savings/(Cost) from General Revenue Fund 1 |
Probable Savings/(Cost) from Institutional Funds 997 |
---|---|---|
2010 | $0 | $0 |
2011 | ($899,000) | ($989,000) |
2012 | $0 | $0 |
2013 | $0 | $0 |
2014 | $0 | $0 |
Estimated costs associated with the name change include approximately:
-$717,000 for signage, monuments and seals
-$426,000 for business and promotional notification/inventory
-$329,000 for forms, stationery, view book, catalogs
-$175,000 for technology, including websites and IT support
-$151,000 for other costs
It is assumed that these costs would be split between General Revenue and institutional funds.
An additional $90,000 for uniforms and athletic gear would be a cost to the institution's auxiliary funds.
Source Agencies: | 710 Texas A&M University System Administrative and General Offices
|
LBB Staff: | JOB, KK, SSh, RT
|