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F I S C A L I M P A C T R E P O R T





SPONSOR: Chavez DATE TYPED: 2-27-99 HB 616
SHORT TITLE: Delinquent Revenue Sharing Payments SB
ANALYST: Taylor


REVENUE



Estimated Revenue
Subsequent

Years Impact

Recurring

or Non-Rec

Fund

Affected

FY99 FY2000
n.a. Indeterminate Indeterminate Recurring General Fund



(Parenthesis ( ) Indicate Revenue Decreases)



Duplicates/Conflicts with/Companion to/Relates to



SOURCES OF INFORMATION

LFC Files.



SUMMARY



Synopsis of Bill



House Bill 616 would require that interest be paid on Indian gaming revenue sharing payments that are delinquent by more than 30 days. The interest owed would be calculated by using the rate used by the federal government's internal revenue service. This rate would be applied against delinquent payment after the thirty first day until it is paid.



FISCAL IMPLICATIONS



The fiscal impacts of the proposed changes are indeterminate because it is not known how the proposed changes would affect the noncompliance with the revenue sharing agreements.



BT/njw