TO: | Honorable Dan Branch, Chair, House Committee on Higher Education |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB1521 by Otto (Relating to re-creating the scholarship trust fund for fifth-year accounting students as a trust fund outside the treasury.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2012 | $0 |
2013 | $0 |
2014 | $0 |
2015 | $0 |
2016 | $0 |
Fiscal Year | Probable Revenue Gain/(Loss) from Schlshp Fnd 5 Yr Acct Std 106 |
Probable Revenue Gain/(Loss) from New Scholarship Trust Fund Outside Treasury |
---|---|---|
2012 | ($600,000) | $600,000 |
2013 | ($600,000) | $600,000 |
2014 | ($600,000) | $600,000 |
2015 | ($600,000) | $600,000 |
2016 | ($600,000) | $600,000 |
The bill would amend the Occupations Code relating to a scholarship trust fund for fifth-year accounting students. The bill would reenact portions of the Occupations Code to re-create the scholarship trust fund as a trust fund outside the state treasury for the purpose of enabling the Texas State Board of Public Accountancy to provide scholarships to fifth year accounting students. The bill would also reenact requirements relating to administrative costs for the program.
This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either with or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
The bill would take effect immediately upon receiving a two-thirds majority vote in each house. If the bill does not receive a two-thirds vote in each house, the bill would take effect September 1, 2011.
Source Agencies: | 304 Comptroller of Public Accounts, 457 Board of Public Accountancy, 781 Higher Education Coordinating Board
|
LBB Staff: | JOB, EH, KK, MW
|