LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
 
April 30, 2025

TO:
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
 
FROM:
Jerry McGinty, Director, Legislative Budget Board
 
IN RE:
SB1361 by Alvarado (Relating to the consolidation of the small business disaster recovery loan program and the micro-business disaster recovery loan program.), As Introduced

The fiscal implications of the bill cannot be determined at this time. There would be an indeterminate cost related to the program authorized by the bill which would be dependent on the number of loan applications and appropriations made for this purpose.

The bill would amend the Government Code, Chapter 481, Subchapter CC, to consolidate the Small Business Disaster Recovery and the Micro-Business Disaster Recovery loan programs. The bill would rename the General Revenue-Dedicated Account No. 5190 Micro-Business Recovery as the Small- and Micro- Business Recovery Account. 

The bill would repeal Government Code, Chapter 481, Subchapter EE, relating to the Small Business Disaster Recovery Loan Program. Subchapter EE includes the Small Business Disaster Recovery Revolving Fund as a special fund outside the Treasury, held by the Texas Safekeeping Trust Company. According to the CPA, the fund has never received appropriations and was never created.

This analysis assumes there would be an indeterminate cost to provide loans for the consolidated program. The cost would be dependent on appropriations made for the program and applications received.

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 in, with, or outside 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:
300 Trusteed Programs Within the Office of the Governor, 304 Comptroller of Public Accounts
LBB Staff:
JMc, RStu, LCO, KCu, NV, TUf