Supplement: TX SB1451 | 2023-2024 | 88th Legislature | Fiscal Note (Introduced)
For additional supplements on Texas SB1451 please see the Bill Drafting List
Bill Title: Relating to the powers of the Texas Historical Commission over historic sites in this state.
Status: 2023-04-27 - Removed from local & uncontested calendar [SB1451 Detail]
Download: Texas-2023-SB1451-Fiscal_Note_Introduced_.html
Bill Title: Relating to the powers of the Texas Historical Commission over historic sites in this state.
Status: 2023-04-27 - Removed from local & uncontested calendar [SB1451 Detail]
Download: Texas-2023-SB1451-Fiscal_Note_Introduced_.html
TO: |
Honorable Brian Birdwell, Chair, Senate Committee on Natural Resources & Economic Development |
FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
IN RE: |
SB1451 by Zaffirini (Relating to the powers of the Texas Historical Commission over historic sites in this state.), As Introduced |
Estimated Two-year Net Impact to General Revenue Related Funds for SB1451, 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 (Loss) from Historic Sites 5139 | Probable Revenue Gain from Texas Historical Commission Retail Operations Fund (Outside the Treasury) |
---|---|---|
2024 | ($327,000) | $327,000 |
2025 | ($327,000) | $327,000 |
2026 | ($327,000) | $327,000 |
2027 | ($327,000) | $327,000 |
2028 | ($327,000) | $327,000 |
Fiscal Analysis
The bill would amend several provisions of the Government Code related the Texas Historical Commission (THC). The bill would increase the maximum historic courthouse project grant to $10 million from the current $6 million. The bill would also authorize THC to manage certain retail operations. Under the provisions of this bill, revenue from these retail operations, currently deposited to General Revenue-Dedicated Fund 5139, Historic Sites, would be deposited to a new Texas Historical Commission Retail Operations Fund that would be held as a trust fund outside the Treasury. Earnings and interest in the THC Retail Operations Fund would be retained in that fund and could be expended without appropriations for certain THC operations.
Methodology
According to the Comptroller of Public Accounts (CPA), revenue generated by current THC retail operations is estimated to be $327,000 per year from fiscal year 2024 through fiscal year 2028. The bill would result in a revenue loss in this amount to General Revenue-Dedicated Fund 5139, Historic Sites. The CPA assumes that the same amount of revenue would be deposited to the new THC Retail Operations Fund outside the Treasury beginning with the effective date of the bill, presumed to be September 1, 2023. The CPA does not project an increase in revenue related to any new retail operations authorized under this bill.
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.
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
The increase of maximum grant award in the Historic Courthouse grant program authorized in this bill could decrease the number of full restoration grants to counties for this purpose should the THC increase these awards.
Source Agencies: b > td > | 304 Comptroller of Public Accounts, 313 Department of Information Resources, 808 Historical Commission |
LBB Staff: b > td > | JMc, MOc, LCO, KCu, SZ |