TO: | Honorable Joe Deshotel, Chair, House Committee on Business & Industry |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB1347 by Hughes (Relating to a refund of registration fees paid by home builders to the Texas Residential Construction Commission.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2012 | ($300,000) |
2013 | ($300,000) |
2014 | ($300,000) |
2015 | $0 |
2016 | $0 |
Fiscal Year | Probable Revenue Gain/(Loss) from General Revenue Fund 1 |
---|---|
2012 | ($300,000) |
2013 | ($300,000) |
2014 | ($300,000) |
2015 | $0 |
2016 | $0 |
TRCC was abolished in 2009 and ceased operations on August 31,2010. In the agency's last months the fee for home builder original or renewal certificates of registration was pro-rated for the period TRCC would remain in operation. However some certificates of registration were not pro-rated due to the ability of home builders to send in renewals or applications in advance. Refunds required by the bill's provisions would be $300,000 annually through fiscal 2014, at which time refunds would cease.
This analysis assumes that any duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, AG, SD
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