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Seal of the Senate of the State of Texas Welcome to the Official Website for the Texas Senate
Seal of the Senate of the State of Texas
Welcome to the official website for the
Texas Senate
 
Senator Jane Nelson: District 12
Senator Jane Nelson
P.O. Box 12068, State Capitol
Austin, Texas 78711
Tel. (512) 463-0112
February 14, 2017
Contact: Melissa Duncan
512-463-0112
TODAY IN FINANCE

On the agenda: Article VII - Business & Economic Development and Article VIII - Regulatory

Texas Lottery Commission
Department of Insurance
Office of Public Insurance Counsel
Office of Injured Employee Counsel
Public Utility Commission of Texas
State Office of Administrative Hearings
Texas Medical Board
Texas Board of Nursing
Board of Chiropractic Examiners
Texas State Board of Dental Examiners
Board of Pharmacy
Board of Podiatric Medical Examiners
Optometry Board
Board of Examiners of Psychologists
Health Professions Council
Board of Veterinary Medical Examiners
Funeral Service Commission
Racing Commission
Department of Licensing and Regulation

View the posting: http://www.legis.texas.gov/tlodocs/85R/schedules/html/C5402017021409001.HTM

Key Points for Today's Hearing

  • SB 1 includes a $475M appropriation in All Funds for the Texas Lottery Commission. In FY 2016 the Commission transferred $1.3B to the Foundation School Fund and $14.7M to the Veterans Commission -- both are the largest revenue transfers for those respective programs in state history.
  • SB 1 funds Article VIII, related to regulatory agencies, at $626.5 million – a decrease of 34.6 percent over FY 16-17 levels.
  • The agencies in Article VIII include a majority of the state's regulatory boards and commissions including health-related occupations, non-health-related occupations, securities and pari-mutual racing.
  • Regulatory agencies are primarily funded by licensing fee collections.

Statement from Senator Nelson: "We pride ourselves on keeping regulations to a minimum in Texas. We must constantly strive to balance that goal with the need to ensure fairness and public safety."

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