LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
 
April 3, 2011

TO:
Honorable John T. Smithee, Chair, House Committee on Insurance
 
FROM:
John S O'Brien, Director, Legislative Budget Board
 
IN RE:
HB2292 by Hunter (Relating to payment of claims to pharmacies and pharmacists.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Insurance Code relating to payment of claims to pharmacies and pharmacists. Based on the analysis provided by the Texas Department of Insurance (TDI), it is assumed that any costs associated with the implementation of this bill would be absorbed within existing agency resources. Also based on information provided by TDI, this analysis assumes that implementation of the bill would result in a one-time revenue gain ($19,600 in fiscal year 2012) in General Revenue-Dedicated Texas Department of Insurance Fund 36 from filing fees. Since General Revenue-Dedicated Texas Department of Insurance Fund 36 is a self-leveling account, this analysis also assumes that any additional revenue resulting from the implementation of the bill would accumulate in the account fund balances and that the department would adjust the assessment of the maintenance tax or other fees accordingly in the following year.

Based on the analysis provided by the Board of Pharmacy, implementation of this bill will have no fiscal impact on the agency.


Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
454 Department of Insurance, 515 Board of Pharmacy
LBB Staff:
JOB, KJG, CH