LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 12, 2011 TO: Honorable Dan Branch, Chair, House Committee on Higher Education FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB40 by Zaffirini (Relating to the functions of the Texas Guaranteed Student Loan Corporation.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend Chapter 57 of the Education Code, relating to the functions of the Texas Guaranteed Student Loan Corporation. Under Section 18 of the bill, the state auditor would be required to periodicaly review the corporation's activities consistent with the state auditor's audit plan under Chapter 321, Government Code. Although the State Auditor indicates there would be costs associated with the review (estimated to be $322,000), since the bill requires the corporation to reimburse the state auditor all reasonable costs, there would be no cost to the State. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 308 State Auditor's Office, 781 Higher Education Coordinating Board LBB Staff: JOB, KK, RT, GO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 12, 2011
TO: Honorable Dan Branch, Chair, House Committee on Higher Education FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB40 by Zaffirini (Relating to the functions of the Texas Guaranteed Student Loan Corporation.), As Engrossed
TO: Honorable Dan Branch, Chair, House Committee on Higher Education
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB40 by Zaffirini (Relating to the functions of the Texas Guaranteed Student Loan Corporation.), As Engrossed
Honorable Dan Branch, Chair, House Committee on Higher Education
Honorable Dan Branch, Chair, House Committee on Higher Education
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB40 by Zaffirini (Relating to the functions of the Texas Guaranteed Student Loan Corporation.), As Engrossed
SB40 by Zaffirini (Relating to the functions of the Texas Guaranteed Student Loan Corporation.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 57 of the Education Code, relating to the functions of the Texas Guaranteed Student Loan Corporation. Under Section 18 of the bill, the state auditor would be required to periodicaly review the corporation's activities consistent with the state auditor's audit plan under Chapter 321, Government Code. Although the State Auditor indicates there would be costs associated with the review (estimated to be $322,000), since the bill requires the corporation to reimburse the state auditor all reasonable costs, there would be no cost to the State.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 308 State Auditor's Office, 781 Higher Education Coordinating Board
304 Comptroller of Public Accounts, 308 State Auditor's Office, 781 Higher Education Coordinating Board
LBB Staff: JOB, KK, RT, GO
JOB, KK, RT, GO