LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
 
May 24, 2011

TO:
Honorable David Dewhurst, Lieutenant Governor, Senate
Honorable Joe Straus, Speaker of the House, House of Representatives
 
FROM:
John S O'Brien, Director, Legislative Budget Board
 
IN RE:
HB275 by Pitts (Relating to making an appropriation of money from the economic stabilization fund for expenditure during the current state fiscal biennium.), Conference Committee Report



Estimated Two-year Net Impact to General Revenue Related Funds for HB275, Conference Committee Report: a positive impact of $3,198,661,120 through the biennium ending August 31, 2013.



Fiscal Year Appropriation out of
Economic Stabilization Fund
599
2011 $3,198,661,120
2012 $0



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




Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2011 $3,198,661,120
2012 $0
2013 $0
2014 $0
2015 $0




Fiscal Year Probable Savings from
General Revenue Fund
1 		Probable (Cost) from
Economic Stabilization Fund
599
2011 $3,198,661,120 ($3,198,661,120)
2012 $0 $0
2013 $0 $0
2014 $0 $0
2015 $0 $0

Fiscal Analysis

The bill relates to making appropriations from the Economic Stabilization Fund - 0599 in fiscal year 2011.

The appropriation would take effect only if the bill receives a vote of three-fifths of the members in each house of the Legislature, as provided by Article III, Section 49-g(k) of the Texas Constitution.


Methodology

The bill appropriates $3,198,661,120 from the Economic Stabilization Fund for the purpose of making expenditures previously authorized by appropriations from the General Revenue Fund for the 2010-11 biennium. 


Local Government Impact

No significant fiscal implication to units of local government is anticipated.


Source Agencies:
LBB Staff:
JOB, KK, SD