Bill Caption

Fiscal Notes

From LBB: Estimated Two-year Net Impact to General Revenue Related Funds for HB20, Committee Report 1st House, Substituted: an impact of $0 through the biennium ending August 31, 2019.

This analysis assumes that the funds appropriated by the bill would be one-time funding for the 2018-19 biennium only and would not be used to offset or increase the statutory state contribution rate established in Chapter 1575 of the Texas Insurance Code.

It is anticipated that the appropriation would result in a loss of interest and investment income revenue for the Economic Stabilization Fund of approximately $142,000 in fiscal year 2017 and $2.8 million in fiscal year 2018, rising gradually thereafter to a probable loss of $4.1 million of interest and investment revenue in fiscal year 2022, based on information provided by the Comptroller of Public Accounts. Similar fiscal implications would continue after fiscal year 2022.

As an appropriations bill, this legislation is subject to certification by the Comptroller of Public Accounts. 

Bill Analysis

This bill would appropriate $212.7 million from the Economic Stabilization Fund (ESF) to the retired school employees group insurance fund for the purpose of decreasing premiums and deductibles that would otherwise be paid during the 2018 and 2019 plan years by participants in the Texas Public School Employees Group Insurance Program and to reduce costs for enrolled adult children with a mental disability or physical incapacity. 

Vote Recommendation Notes