Honorable Richard Peña Raymond, Chair, House Committee on Defense & Veterans' Affairs
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB861 by Thierry (Relating to a study and report on the establishment and implementation of a program that provides financial assistance to property owners who offer housing to veterans at risk of homelessness.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB861, As Introduced : a negative impact of ($175,000) through the biennium ending August 31, 2023.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five- Year Impact:
Fiscal Year
Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2022
($175,000)
2023
$0
2024
$0
2025
$0
2026
$0
All Funds, Five-Year Impact:
Fiscal Year
Probable Savings/(Cost) from General Revenue Fund 1
2022
($175,000)
2023
$0
2024
$0
2025
$0
2026
$0
Fiscal Analysis
The bill would amend code relating to a study and report on the establishment and implantation of a program that provides financial assistance to property owners who offer housing to veterans at risk of homelessness. The bill identifies that the Texas Interagency Council for the Homeless (TICH) is responsible for evaluating the feasibility, methods, funding sources, and costs of establishing and implementing a program that provides financial assistance to property owners who offer housing to veterans at risk of homelessness.
Methodology
Based on information provided by the Texas Department of Housing and Community Affairs (TDHCA), the bill would result in a cost of $175,000 in General Revenue in fiscal year 2022 associated with professional fees to procure a third party to undertake the required study. The agency has based cost assumptions on a similar housing report and study outsourced by TDHCA.
Technology
There is no anticipated technology impact as a result of implementing this bill.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
300 Trusteed Programs - Gov, 320 Texas Workforce Commission, 332 Dept Housing-Comm Affairs, 403 Veterans Commission, 529 Hlth & Human Svcs Comm, 530 Family & Protective Services, 696 Department of Criminal Justice