TO: | Honorable Byron Cook, Chair, House Committee on State Affairs |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB3217 by Price (Relating to authorizing certain real property transactions involving the Department of Public Safety of the State of Texas.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2014 | $0 |
2015 | ($3,352,293) |
2016 | ($2,610,212) |
2017 | ($2,685,111) |
2018 | ($2,762,257) |
Fiscal Year | Probable Savings/(Cost) from General Revenue Fund 1 |
Probable Revenue Gain/(Loss) from General Revenue Fund 1 |
---|---|---|
2014 | $0 | $0 |
2015 | ($4,659,295) | $1,307,002 |
2016 | ($2,610,212) | $0 |
2017 | ($2,685,111) | $0 |
2018 | ($2,762,257) | $0 |
This estimate assumes that the provisions of the bill would be supported by General Revenue. While there are portions of this project that would likely be allowable uses of Fund 6, that is not the case for the entire project. At such time as a determination is made of what portion of the project would appropriately be funded with Fund 6, the General Revenue costs would be reduced proportionally.
The Department of Public Safety's (DPS) estimated costs are based on the following assumptions starting in fiscal year 2015: utility costs will be $113,592 per year; rent costs will be $2,423,903 in fiscal year 2015, $2,496,620 in fiscal year 2016, $2,517,519 in fiscal year 2017, and $2,648,665 in fiscal year 2018; and a one-time capital expenditure of $2,121,800 for build-to-suit costs and equipment in fiscal year 2015.
DPS estimates a probable gain in revenue of $1,307,002 in fiscal year 2015 from the sale of the existing DPS facility to Randall County. This fiscal notes uses this estimated sales revenue to offset the cost of the bill.
Source Agencies: | 304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 405 Department of Public Safety
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LBB Staff: | UP, AG, AI, JAW, TL
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