Honorable Dade Phelan, Chair, House Committee on State Affairs
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB982 by Parker (Relating to the administration of "pay for success" contracts for state agencies.), As Introduced
The fiscal implications of the bill cannot be determined at this time
The bill would amend Chapter 403 of the Government Code, regarding the Comptroller of Public Accounts. The bill would allow funds to be gifted, granted, or donated to the credit of the Success Contract Payments Trust Fund and would allow those funds to be used to make payments that may become due under a Success Contract. Depending on amount and timing of any gifts, grants, and donations to the Success Contract Payments Trust Fund, there would be an indeterminate revenue gain.
The Comptroller's Office has indicated that the fiscal implications cannot be determined.
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 in, with, or outside of the Treasury, or create a dedicated revenue source. Legislative policy, implemented as Government Code 403.095, consolidated special funds (except those affected by constitutional, federal, or other restrictions) into the General Revenue Fund as of August 31, 1993 and eliminated all applicable statutory revenue dedications as of August 31, 1995. Each subsequent Legislature has reviewed bills that affect funds consolidation. 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.