LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
 
March 22, 2011

TO:
Honorable Jim Pitts, Chair, House Committee on Appropriations
 
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.), Committee Report 1st House, Substituted



Estimated Two-year Net Impact to General Revenue Related Funds for HB275, Committee Report 1st House, Substituted: 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.

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