LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 4, 2011 TO: Honorable Larry Phillips, Chair, House Committee on Transportation FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1636 by Paxton (Relating to certain financial requirements of regional tollway authorities.), As Introduced No fiscal implication to the State is anticipated. The bill would add Section 366.039 to Chapter 366 of the Transportation Code to require that the financial transactions of a regional tollway authority, created under Chapter 366, would be subject to annual financial audit by the State Auditor. An authority would be required to designate a person to maintain an electronic checking account transaction register for the authority's checking account. Based on the applicability criteria, the provisions of the bill would only apply to the North Texas Tollway Authority. The State Auditor's Office reported that any costs associated with the audit authority prescribed by the provisions of the bill could be absorbed within the existing budget. Local Government Impact Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House/Senate as to its probable fiscal implication on units of local government. Source Agencies:308 State Auditor's Office LBB Staff: JOB, KJG, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 4, 2011
TO: Honorable Larry Phillips, Chair, House Committee on Transportation FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1636 by Paxton (Relating to certain financial requirements of regional tollway authorities.), As Introduced
TO: Honorable Larry Phillips, Chair, House Committee on Transportation
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB1636 by Paxton (Relating to certain financial requirements of regional tollway authorities.), As Introduced
Honorable Larry Phillips, Chair, House Committee on Transportation
Honorable Larry Phillips, Chair, House Committee on Transportation
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB1636 by Paxton (Relating to certain financial requirements of regional tollway authorities.), As Introduced
HB1636 by Paxton (Relating to certain financial requirements of regional tollway authorities.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would add Section 366.039 to Chapter 366 of the Transportation Code to require that the financial transactions of a regional tollway authority, created under Chapter 366, would be subject to annual financial audit by the State Auditor. An authority would be required to designate a person to maintain an electronic checking account transaction register for the authority's checking account. Based on the applicability criteria, the provisions of the bill would only apply to the North Texas Tollway Authority. The State Auditor's Office reported that any costs associated with the audit authority prescribed by the provisions of the bill could be absorbed within the existing budget.
The bill would add Section 366.039 to Chapter 366 of the Transportation Code to require that the financial transactions of a regional tollway authority, created under Chapter 366, would be subject to annual financial audit by the State Auditor. An authority would be required to designate a person to maintain an electronic checking account transaction register for the authority's checking account. Based on the applicability criteria, the provisions of the bill would only apply to the North Texas Tollway Authority.
The State Auditor's Office reported that any costs associated with the audit authority prescribed by the provisions of the bill could be absorbed within the existing budget.
Local Government Impact
Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House/Senate as to its probable fiscal implication on units of local government.
Source Agencies: 308 State Auditor's Office
308 State Auditor's Office
LBB Staff: JOB, KJG, TP
JOB, KJG, TP