LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
 
May 5, 2011

TO:
Honorable Steve Ogden, Chair, Senate Committee on Finance
 
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.), As Engrossed



Estimated Two-year Net Impact to General Revenue Related Funds for HB275, As Engrossed: a positive impact of $3,117,661,120 through the biennium ending August 31, 2013.



Fiscal Year Appropriation out of
Economic Stabilization Fund
599
2011 $3,117,661,120
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 $3,117,661,120
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 $3,117,661,120 ($3,117,661,120)
2012 $0 $0
2013 $0 $0
2014 $0 $0
2015 $0 $0

Fiscal Analysis

The bill would appropriate $3,117,661,120 from the Economic Stabilization Fund for the purpose of eliminating the projected negative 2010-11 ending balance of the General Revenue Fund.  Subject to Section 49-g(k), Article III of the Texas Constitution, the bill would take effect only if it receives a vote of three fifths of the members present in each house of the legislature.

The bill would take effect only if H.B. No. 4, 82nd Legislature, Regular Session, 2011, or another Act of the 82nd Legislature substantially similar in effect to that legislation, is enacted and becomes law.

This bill would take effect July 1, 2011.


Methodology

The bill would appropriate $3,117,661,120 from the Economic Stabilization Fund to the General Revenue Fund.

Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
LBB Staff:
JOB, KK, SD