LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 4, 2011 TO: Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB399 by Castro (Relating to requiring general academic teaching institutions to offer personal financial literacy training.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would require general academic teaching institutions to offer personal financial literacy training. The bill would require the Texas Higher Education Coordinating Board (Coordinating Board) to determine the topics covered by the training. The training could be offered as an online course. The Coordinating Board reports that the National Endowment for Financial Education has developed a financial training tool, CashCourse, that general academic teaching institutions could use at no cost. For purposes of this fiscal note it assumed this training training tool would be used as opposed to the Higher Education Coordinating Board developing a new financial training tool. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration LBB Staff: JOB, KK, RT, GO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 4, 2011
TO: Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB399 by Castro (Relating to requiring general academic teaching institutions to offer personal financial literacy training.), As Engrossed
TO: Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB399 by Castro (Relating to requiring general academic teaching institutions to offer personal financial literacy training.), As Engrossed
Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education
Honorable Judith Zaffirini, Chair, Senate Committee on Higher Education
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB399 by Castro (Relating to requiring general academic teaching institutions to offer personal financial literacy training.), As Engrossed
HB399 by Castro (Relating to requiring general academic teaching institutions to offer personal financial literacy training.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require general academic teaching institutions to offer personal financial literacy training. The bill would require the Texas Higher Education Coordinating Board (Coordinating Board) to determine the topics covered by the training. The training could be offered as an online course. The Coordinating Board reports that the National Endowment for Financial Education has developed a financial training tool, CashCourse, that general academic teaching institutions could use at no cost. For purposes of this fiscal note it assumed this training training tool would be used as opposed to the Higher Education Coordinating Board developing a new financial training tool.
The bill would require general academic teaching institutions to offer personal financial literacy training. The bill would require the Texas Higher Education Coordinating Board (Coordinating Board) to determine the topics covered by the training. The training could be offered as an online course.
The Coordinating Board reports that the National Endowment for Financial Education has developed a financial training tool, CashCourse, that general academic teaching institutions could use at no cost. For purposes of this fiscal note it assumed this training training tool would be used as opposed to the Higher Education Coordinating Board developing a new financial training tool.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration
710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 758 Texas State University System, 768 Texas Tech University System Administration, 769 University of North Texas System Administration, 781 Higher Education Coordinating Board, 783 University of Houston System Administration
LBB Staff: JOB, KK, RT, GO
JOB, KK, RT, GO