Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB2060 by Hinojosa (Relating to the sale, possession, or consumption of alcoholic beverages at the Texas State History Museum.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for SB2060, As Introduced : an impact of $0 through the biennium ending August 31, 2025.
General Revenue-Related Funds, Five- Year Impact:
Fiscal Year
Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2024
$0
2025
$0
2026
$0
2027
$0
2028
$0
All Funds, Five-Year Impact:
Fiscal Year
Probable Revenue Gain/(Loss) from Bob Bullock Texas State History Museum Trust Fund 0849 - Outside the Treasury
2024
$272,219
2025
$283,836
2026
$295,189
2027
$306,996
2028
$319,276
Fiscal Analysis
The bill would amend the Government Code relating to the Bob Bullock Texas State History Museum. The bill would allow for the public sale, possession, or consumption of alcoholic beverages on property owned or controlled by the museum.
Methodology
Currently, per Section 445.012 of the Government Code, all money and securities received by the museum are held in the Bob Bullock Texas State History Museum Trust Fund 0849, held outside the Treasury. The State Preservation Board estimates the implementation of the bill would result in revenues of $272,219 in fiscal year 2024 with a four percent increase in sales each subsequent fiscal year.
Local Government Impact
No fiscal implication to units of local government is anticipated.