Honorable Jane Nelson, Chair, Senate Committee on Finance
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
SB2050 by Schwertner (Relating to the creation of the aviation development account.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Subchapter C, Chapter 21 of the Transportation Code, relating to aviation facilities development and financial assistance, to establish the Aviation Development Account as a separate account in the General Revenue Fund. The account would consist of transfers made to the account. The bill would stipulate that money in the account may be appropriated only to the Texas Department of Transportation (TxDOT) for making grants to political subdivisions under Subchapter C. The bill would take effect on September 1, 2019.
Because the bill does not specify a source of money to be transferred to the fund, the fiscal effects from potential transfers to the fund cannot be estimated. TxDOT currently receives appropriations from non-dedicated State Highway Funds to provide grants to political subdivisions for aviation facilities development and maintenance projects. It is assumed implementation of the bill would not result in a significant fiscal impact to the State.
Note: 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 with 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 significant fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 601 Department of Transportation