Bill Caption

Relating to the Certified Retirement Community Program.

Fiscal Notes

No significant fiscal implication to the State is anticipated. No significant fiscal implication to units of local government is anticipated. The bill 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 with or outside of 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.

Bill Analysis

Summary: HB 1273 would remove the Texas Certified Retirement Community Program from a fee-funded program to a program that receives dedicated funding from General Revenue. In addition, the legislation would give the Department of Agriculture the flexibility to attract the retirement community by providing the agency with rule-making authority.

Analysis: This legislation is mainly an administrative issue that falls largely outside of our liberty principles. However, we are concerned about creating a new general revenue dedicated account, which we do not support. We are neutral on the overall bill but recommend that the monies be deposited in state general revenue as opposed to a general revenue dedicated account.