LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
 
March 11, 2011

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



Estimated Two-year Net Impact to General Revenue Related Funds for HB1347, As Introduced: a negative impact of ($600,000) through the biennium ending August 31, 2013.



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

Fiscal Analysis

The bill would require the Comptroller to refund a prorated amount of a fee that was paid by a builder to the Texas Residential Construction Commission (TRCC) for an original or renewed certificate of registration that did not expire before September 1, 2009.
 
The bill would take effect September 1, 2011.

Methodology

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.


Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
304 Comptroller of Public Accounts
LBB Staff:
JOB, AG, SD