LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

April 3, 2019

TO:	Honorable Dan Huberty, Chair, House Committee on Public Education
FROM:	John McGeady, Assistant Director     Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:	HJR151 by Huberty (Proposing a constitutional amendment allowing increased distributions to the available school fund.), As Introduced

No fiscal implication to the State is anticipated, other than the cost of publication.

The cost to the state for publication of the resolution is $177,289.

The proposed amendment to the Texas Constitution would allow for, but not require, distributions up to $600,000,000 to the Available School Fund from revenue derived during each fiscal year from land or properties of the Permanent School Fund.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

305 General Land Office and Veterans' Land Board, 701 Texas Education Agency

LBB Staff:

WP, HL, MW, PBO