Honorable John Frullo, Chair, House Committee on Culture, Recreation & Tourism
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2495 by Geren (Relating to the establishment of the Texas State Music Museum and Texas Music Foundation; authorizing fees.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would add new Chapter 446 to the Government Code directing the establishment of the Texas State Music Museum (museum) under the jurisdiction of the State Preservation Board (SPB). The bill would require the SPB to establish and maintain the Texas Music Foundation (foundation) as a Texas nonprofit corporation. The foundation would be governed by 13 directors appointed by the Governor; the executive director of the SPB and another person designated by the governor's office would serve as ex officio directors, without voting privileges. The SPB, with assistance from the Facilities Commission, would designate sufficient space in a building in the Capitol Complex to house the museum. The SPB would be required to enter into an agreement with the foundation for the management, operation, and financial support of the museum. The foundation would raise money to finance and support the museum. The foundation would be authorized to solicit and accept gifts, grants, sponsorships and donations and to set and collect fees in amounts necessary to provide for the museum's operations. The bill would specify that money and securities received by the foundation and the museum be held in a trust fund outside the state Treasury, to be known as the Texas State Music Museum Fund. The bill would take effect immediately upon receipt of a two-thirds vote of all members elected to each house; otherwise, the bill would take effect September 1, 2017.
The bill specifies that the cost of operating the museum would be paid from revenue generated or collected by the museum and the foundation, which would be deposited to the Texas State Music Museum Fund outside the Treasury. To the extent that the museum and foundation collects or generates sufficient revenues to establish and operate the museum and that sufficient space would be available in an existing Capitol Complex facility, there would be no significant fiscal impact to the state.
This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either within or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
300 Trusteed Programs Within the Office of the Governor, 303 Facilities Commission, 304 Comptroller of Public Accounts, 809 Preservation Board