LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 17, 2011 TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1445 by Zaffirini (Relating to the contents of reports of political contributions and expenditures.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Section 254.0319(a) of the Election Code relating to the contents of reports of political contributions and expenditures. Specifically, the bill would require: (a) the reporting of political contributions that are held with the intention of being deposited, (b) the purchase price of an investment purchased with political contributions, and (c) a statement of whether a sale was made, and the amount of any proceeds received, of an investment purchased with a political contribution. The bill would also amend Section 254.0611(a) of the Election Code by eliminating the requirement that a report filed by a candidate for a judicial office include the total amount of political contributions maintained in one or more accounts in which political contributions are deposited. It is anticipated that any additional costs associated with implementation of the legislation could be absorbed within existing resources. The bill would take effect September 1, 2011. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:356 Texas Ethics Commission LBB Staff: JOB, KJG, MS, DEH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 17, 2011
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1445 by Zaffirini (Relating to the contents of reports of political contributions and expenditures.), As Introduced
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1445 by Zaffirini (Relating to the contents of reports of political contributions and expenditures.), As Introduced
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB1445 by Zaffirini (Relating to the contents of reports of political contributions and expenditures.), As Introduced
SB1445 by Zaffirini (Relating to the contents of reports of political contributions and expenditures.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Section 254.0319(a) of the Election Code relating to the contents of reports of political contributions and expenditures. Specifically, the bill would require: (a) the reporting of political contributions that are held with the intention of being deposited, (b) the purchase price of an investment purchased with political contributions, and (c) a statement of whether a sale was made, and the amount of any proceeds received, of an investment purchased with a political contribution. The bill would also amend Section 254.0611(a) of the Election Code by eliminating the requirement that a report filed by a candidate for a judicial office include the total amount of political contributions maintained in one or more accounts in which political contributions are deposited. It is anticipated that any additional costs associated with implementation of the legislation could be absorbed within existing resources. The bill would take effect September 1, 2011.
The bill would amend Section 254.0319(a) of the Election Code relating to the contents of reports of political contributions and expenditures. Specifically, the bill would require: (a) the reporting of political contributions that are held with the intention of being deposited, (b) the purchase price of an investment purchased with political contributions, and (c) a statement of whether a sale was made, and the amount of any proceeds received, of an investment purchased with a political contribution. The bill would also amend Section 254.0611(a) of the Election Code by eliminating the requirement that a report filed by a candidate for a judicial office include the total amount of political contributions maintained in one or more accounts in which political contributions are deposited.
It is anticipated that any additional costs associated with implementation of the legislation could be absorbed within existing resources.
The bill would take effect September 1, 2011.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 356 Texas Ethics Commission
356 Texas Ethics Commission
LBB Staff: JOB, KJG, MS, DEH
JOB, KJG, MS, DEH