Honorable Jim Keffer, Chair, House Committee on Natural Resources
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB3298 by Larson (Relating to a study conducted by the Texas Water Development Board regarding the development of a market and conveyance network for water in this state.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB3298, As Introduced: a negative impact of ($2,000,000) through the biennium ending August 31, 2017.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Fiscal Year
Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2016
($2,000,000)
2017
$0
2018
$0
2019
$0
2020
$0
Fiscal Year
Probable Savings/(Cost) from General Revenue Fund 1
2016
($2,000,000)
2017
$0
2018
$0
2019
$0
2020
$0
Fiscal Analysis
The bill would require the Texas Water Development Board (TWDB) to conduct a study regarding the development of a market and conveyance network for water in Texas. Multiple factors would be evaluated, including connecting the establishment, construction, operation, and management of a water grid to the state water planning process. The study would be completed, including a 30-day public comment period on a draft report, and submitted to the Legislature by September 1, 2016.
Methodology
According to TWDB, conducting the study would require contracting professional technical services. TWDB estimates the cost to complete the requirements of the bill would be $2 million out of the General Revenue Fund. The bill would take effect immediately if it receives a vote of two-thirds of all members elected to each house. Otherwise, the bill would take effect September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.