Supplement: TX HB1620 | 2023-2024 | 88th Legislature | Fiscal Note (Enrolled)
For additional supplements on Texas HB1620 please see the Bill Drafting List
Bill Title: Relating to the review date for certain governmental entities subject to the sunset review process and the regulation of horse racing by the Texas Racing Commission.
Status: 2023-06-18 - Effective on 9/1/23 [HB1620 Detail]
Download: Texas-2023-HB1620-Fiscal_Note_Enrolled_.html
It is assumed that any fiscal implications associated with the bill's other provisions, including those relating to the Sunset review schedule, would not be significant.
Bill Title: Relating to the review date for certain governmental entities subject to the sunset review process and the regulation of horse racing by the Texas Racing Commission.
Status: 2023-06-18 - Effective on 9/1/23 [HB1620 Detail]
Download: Texas-2023-HB1620-Fiscal_Note_Enrolled_.html
| TO: |
Honorable Dade Phelan, Speaker of the House, House of Representatives |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
HB1620 by Holland (Relating to the review date for certain governmental entities subject to the sunset review process.), As Passed 2nd House |
Passage of the bill would increase the limit of unappropriated money in General Revenue Account 0597 that the Texas Racing Commission may carry over without being transferred to the General Revenue Fund. As a result, there could be a loss to General Revenue of up to $1,250,000 each state fiscal biennium depending on the balance of money in the account.
Among other provisions, the bill would increase from $750,000 to $2.0 million the limit of unappropriated money in General Revenue Account 0597 that the Texas Racing Commission may carry over without being transferred to the General Revenue Fund. Depending on the account balance at the end of each state fiscal biennium, there could be a loss to General Revenue of up to $1,250,000.
Local Government Impact
No fiscal implication to units of local government is anticipated.
| Source Agencies: | 116 Sunset Advisory Commission, 476 Racing Commission |
| LBB Staff: | JMc, CMA, SD |
