LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
 
March 2, 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.), As Introduced



Estimated Two-year Net Impact to General Revenue Related Funds for HB275, As Introduced: a positive impact of $4,273,557,000 through the biennium ending August 31, 2013.



Fiscal Year Appropriation out of
Economic Stabilization Fund
599
2011 $4,273,557,000
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 $4,273,557,000
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 $4,273,557,000 ($4,273,557,000)
2012 $0 $0
2013 $0 $0
2014 $0 $0
2015 $0 $0

Fiscal Analysis

The bill would appropriate $4,273,557,000 from the Economic Stabilization Fund for the purpose of eliminating the negative 2012-13 beginning balance of the General Revenue Fund forecast in the Comptroller of Public Account's Biennial Revenue Estimate.  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 $4,273,557,000 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