Honorable Jim Pitts, Chair, House Committee on Appropriations
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 1st House, Substituted
HB 275, Committee Report 1st House, Substituted would appropriate 3,117,661,120 from the Economic Stabilization Fund to the Comptroller of Public Accounts to make expenditures previously authorized by appropriations from the General Revenue Fund for the 2010-11 biennium. Since the bill would not change the level of 2010-11 appropriations, but only their method of finance, there would be no impact on employment, personal income, or any other indicator of economic activity in the state of Texas.