LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 24, 2011 TO: Honorable Joe Straus, Speaker of the House, House of Representatives FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB3002 by Hughes (Relating to certain conservation and reclamation districts exempted from filing a full audit.), As Passed 2nd House No significant fiscal implication to the State is anticipated. The bill would allow conservation and reclamation districts whose gross receipts would not be in excess of $250,000 in a fiscal year, as opposed to $100,000 under current law, file annual financial reports with the Texas Commission on Environmental Quality (TCEQ), instead of having an audit performed and submitting an audit report. The TCEQ reports that the bill's passage is not expected to result in a significant fiscal impact to the agency. Local Government Impact A district could save the cost of an independent audit and audit report as a result of the bills provisions if it meets all the criteria listed in section 49.198 (a) of the Water Code including gross receipts of $250,000 or less instead of gross receipts of $100,000 or less and cash and temporary investments of $250,000 or less instead of instead of cash and temporary investments of $100,000 or less. Source Agencies:304 Comptroller of Public Accounts, 582 Commission on Environmental Quality LBB Staff: JOB, SD, KKR, SZ, TL
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 24, 2011
TO: Honorable Joe Straus, Speaker of the House, House of Representatives FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB3002 by Hughes (Relating to certain conservation and reclamation districts exempted from filing a full audit.), As Passed 2nd House
TO: Honorable Joe Straus, Speaker of the House, House of Representatives
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB3002 by Hughes (Relating to certain conservation and reclamation districts exempted from filing a full audit.), As Passed 2nd House
Honorable Joe Straus, Speaker of the House, House of Representatives
Honorable Joe Straus, Speaker of the House, House of Representatives
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB3002 by Hughes (Relating to certain conservation and reclamation districts exempted from filing a full audit.), As Passed 2nd House
HB3002 by Hughes (Relating to certain conservation and reclamation districts exempted from filing a full audit.), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would allow conservation and reclamation districts whose gross receipts would not be in excess of $250,000 in a fiscal year, as opposed to $100,000 under current law, file annual financial reports with the Texas Commission on Environmental Quality (TCEQ), instead of having an audit performed and submitting an audit report. The TCEQ reports that the bill's passage is not expected to result in a significant fiscal impact to the agency.
Local Government Impact
A district could save the cost of an independent audit and audit report as a result of the bills provisions if it meets all the criteria listed in section 49.198 (a) of the Water Code including gross receipts of $250,000 or less instead of gross receipts of $100,000 or less and cash and temporary investments of $250,000 or less instead of instead of cash and temporary investments of $100,000 or less.
Source Agencies: 304 Comptroller of Public Accounts, 582 Commission on Environmental Quality
304 Comptroller of Public Accounts, 582 Commission on Environmental Quality
LBB Staff: JOB, SD, KKR, SZ, TL
JOB, SD, KKR, SZ, TL