HB 227

84(R) - 2015
House Higher Education
House Higher Education

Vote Recommendation

  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral


Ryan Guillen

Bill Caption

Relating to disposition of certain unclaimed money by local telephone exchange companies.

Fiscal Notes


Estimated Two-year Net Impact to General Revenue Related Funds for HB227, As Introduced: a negative impact of ($2,400,000) through the biennium ending August 31, 2017.

Local Government

No fiscal implication.

Bill Analysis

Under current code, local telephone exchange companies put unclaimed money into a rural scholarship fund.  HB 227 would allow a local telephone exchange company also to deliver unclaimed money to a rural economic development fund to enable rural, low-income, underserved areas to promote or support economic development and stimulate infrastructure development in those areas. The bill would increase the maximum annual delivery amounts from $800,000 to $1 million for each of the two funds.

Vote Recommendation Notes

This bill would create a new fund for unclaimed money that would have been otherwise delivered to the General Revenue fund (hence the negative fiscal note).  There is no discernible connection to our principles of liberty, therefore we are neutral on HB 227.