TO: | Honorable Patricia Harless, Chair, House Committee on Environmental Regulation |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB3110 by Hilderbran (Relating to the Texas Emissions Reduction Plan motor vehicle purchase or lease incentive program.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2014 | ($2,500,000) |
2015 | ($2,500,000) |
2016 | $0 |
2017 | $0 |
2018 | $0 |
Fiscal Year | Probable Savings/(Cost) from General Revenue Fund 1 |
---|---|
2014 | ($2,500,000) |
2015 | ($2,500,000) |
2016 | $0 |
2017 | $0 |
2018 | $0 |
The MVPLI program was established in 2001, but it has never actually been implemented. Funding for the program was initially designated as being from the General Revenue-Dedicated TERP Fund No. 5071. However, the MVPLI program is no longer included as an eligible use of TERP Account No. 5071 funding per Health and Safety Code, Section 386.252.
Because the bill provides for a specific level of incentive funding for the program ($2,500) and limits the number of vehicle rebates to 2,000 vehicles during the 2014-15 biennium, this analysis assumes that passage of the bill would indicate a legislative intent to appropriate funds to implement the program at the levels established in the bill. This estimate assumes that because TERP Account No. 5071 funding would not be available for the program, the program would be funded out of the General Revenue Fund, and that 1,000 rebates of $2,500 per rebate would be awarded in both fiscal years 2014 and 2015. Although the bill removes the limit on the number of vehicles eligible for the rebates on September 1, 2015, this analysis assumes the same level of rebates through fiscal year 2018.
The Comptroller of Public Accounts estimates there would be a cost associated with implementation of the bill. It is anticipated that the additional costs could be absorbed within existing resources.
Passage of the bill is not expected to result in any significant costs to the TCEQ.
Source Agencies: | 304 Comptroller of Public Accounts, 582 Commission on Environmental Quality
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LBB Staff: | UP, SZ, ZS, TL
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