Honorable Craig Estes, Chair, Senate Committee on Natural Resources & Economic Development
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB1330 by Seliger (Relating to funding for the operations of the Texas Low-Level Radioactive Waste Disposal Compact Commission.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for SB1330, As Introduced: a negative impact of ($222,000) through the biennium ending August 31, 2019.
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
2018
($111,000)
2019
($111,000)
2020
($111,000)
2021
($111,000)
2022
($111,000)
Fiscal Year
Probable Revenue (Loss) from General Revenue Fund 1
Probable Revenue Gain from Low-level Waste Acct 88
2018
($111,000)
$111,000
2019
($111,000)
$111,000
2020
($111,000)
$111,000
2021
($111,000)
$111,000
2022
($111,000)
$111,000
Fiscal Analysis
The bill would amend Texas Health and Safety Code, Section 401.249(f) to instruct the Texas Commission on Environmental Quality (TCEQ) to deposit to the General Revenue-Dedicated Low-Level Radioactive Waste Fund No. 88 (Account 88) an amount of revenue calculated by TCEQ to support the activities of the Texas Low-level Radioactive Waste Disposal Compact Commission.
The bill would take effect September 1, 2017.
The bill 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.
Methodology
The amount of revenue estimated by the Comptroller's Biennial Revenue Estimate to be collected in fiscal years 2018 and 2019 that would be subject to the bill is $111,000 each fiscal year. The Comptroller estimates that this revenue collection will continue in future years. This revenue is currently deposited to the credit of the General Revenue Fund and would be deposited to Account 88 under the provisions of the bill.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 535 Low-level Radioactive Waste Disposal Compact Commission, 582 Commission on Environmental Quality