| 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.), Committee Report 2nd House, Substituted |
| Fiscal Year | Appropriation out of Economic Stabilization Fund 599 |
|---|---|
| 2011 | $3,973,557,000 |
| 2012 | $0 |
| Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
|---|---|
| 2011 | $3,973,557,000 |
| 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 | $3,973,557,000 | ($3,973,557,000) |
| 2012 | $0 | $0 |
| 2013 | $0 | $0 |
| 2014 | $0 | $0 |
| 2015 | $0 | $0 |
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.
The bill appropriates $3,973,557,000 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. The appropriation is equal to the 2012-13 GR beginning balance from the January 2011 Biennial Revenue Estimate minus the additional $300 million in sales tax receipts the Comptroller added to the revenue estimate on March 11, 2011.
| Source Agencies: |
| LBB Staff: | JOB, KK, SD
|