LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 1, 2011 TO: Honorable Mike Hamilton, Chair, House Committee on Licensing & Administrative Procedures FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1522 by Otto (Relating to the regulation of the practice of public accountancy.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Occupations Code relating to the regulation of the practice of public accountancy. The bill would clarify disclosure requirements and would amend the disciplinary guidelines for persons practicing public accountancy without a license. The bill would repeal restrictions on the Texas State Board of Public Accountancy relating to the collections of fees or penalties. The bill would repeal requirements on the agency relating to persons who fail an examination.Costs associated with the implementation of the bill for the Texas State Board of Public Accountancy are not considered in this analysis because fiscal impacts for this agency would be realized outside of the Treasury due to the agency being Self-Directed and Semi-Independent.Based on the analysis of the State Office of Administrative Hearings (SOAH), the bill would cause an increase in hearings provided for the Texas State Board of Public Accountancy. However, it is assumed the agency would bill the Texas State Board of Public Accountancy at its authorized rate for the cost associated with the additional hearings and that the cost associated with the additional hearings would not constitute a significant impact to the state. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 360 State Office of Administrative Hearings, 457 Board of Public Accountancy LBB Staff: JOB, EH, AG, MW
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 1, 2011
TO: Honorable Mike Hamilton, Chair, House Committee on Licensing & Administrative Procedures FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1522 by Otto (Relating to the regulation of the practice of public accountancy.), As Introduced
TO: Honorable Mike Hamilton, Chair, House Committee on Licensing & Administrative Procedures
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB1522 by Otto (Relating to the regulation of the practice of public accountancy.), As Introduced
Honorable Mike Hamilton, Chair, House Committee on Licensing & Administrative Procedures
Honorable Mike Hamilton, Chair, House Committee on Licensing & Administrative Procedures
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB1522 by Otto (Relating to the regulation of the practice of public accountancy.), As Introduced
HB1522 by Otto (Relating to the regulation of the practice of public accountancy.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Occupations Code relating to the regulation of the practice of public accountancy. The bill would clarify disclosure requirements and would amend the disciplinary guidelines for persons practicing public accountancy without a license. The bill would repeal restrictions on the Texas State Board of Public Accountancy relating to the collections of fees or penalties. The bill would repeal requirements on the agency relating to persons who fail an examination.Costs associated with the implementation of the bill for the Texas State Board of Public Accountancy are not considered in this analysis because fiscal impacts for this agency would be realized outside of the Treasury due to the agency being Self-Directed and Semi-Independent.Based on the analysis of the State Office of Administrative Hearings (SOAH), the bill would cause an increase in hearings provided for the Texas State Board of Public Accountancy. However, it is assumed the agency would bill the Texas State Board of Public Accountancy at its authorized rate for the cost associated with the additional hearings and that the cost associated with the additional hearings would not constitute a significant impact to the state.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 360 State Office of Administrative Hearings, 457 Board of Public Accountancy
304 Comptroller of Public Accounts, 360 State Office of Administrative Hearings, 457 Board of Public Accountancy
LBB Staff: JOB, EH, AG, MW
JOB, EH, AG, MW