LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 7, 2013 TO: Honorable Troy Fraser, Chair, Senate Committee On Natural Resources FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB454 by Hegar (Relating to the authority of certain conservation and reclamation districts to file an annual financial report with the executive director of the Texas Commission on Environmental Quality in lieu of filing an annual audit report.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Water Code to authorize a conservation and reclamation district to file annual financial or audit reports if the districts cash and temporary investments were not in excess of $750,000 during the fiscal period. Under current statute, the amount is $250,000. The bill would require the Texas Commission on Environmental Quality (TCEQ) to amend existing rules to implement the provisions of the bill. According to the analysis by TCEQ, conservation and reclamation districts may file more annual financial reports and less audit reports. According to TCEQ, the provisions of the bill would not have a significant fiscal impact on the agency. Local Government Impact There could be a cost savings to a conservation and reclamation district related to reporting requirements; however, the amounts would vary by district depending on the cost of an audit report or an annual financial report, and current reporting procedures in a district. Source Agencies:582 Commission on Environmental Quality LBB Staff: UP, SZ, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 7, 2013
TO: Honorable Troy Fraser, Chair, Senate Committee On Natural Resources FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB454 by Hegar (Relating to the authority of certain conservation and reclamation districts to file an annual financial report with the executive director of the Texas Commission on Environmental Quality in lieu of filing an annual audit report.), As Introduced
TO: Honorable Troy Fraser, Chair, Senate Committee On Natural Resources
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB454 by Hegar (Relating to the authority of certain conservation and reclamation districts to file an annual financial report with the executive director of the Texas Commission on Environmental Quality in lieu of filing an annual audit report.), As Introduced
Honorable Troy Fraser, Chair, Senate Committee On Natural Resources
Honorable Troy Fraser, Chair, Senate Committee On Natural Resources
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB454 by Hegar (Relating to the authority of certain conservation and reclamation districts to file an annual financial report with the executive director of the Texas Commission on Environmental Quality in lieu of filing an annual audit report.), As Introduced
SB454 by Hegar (Relating to the authority of certain conservation and reclamation districts to file an annual financial report with the executive director of the Texas Commission on Environmental Quality in lieu of filing an annual audit report.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Water Code to authorize a conservation and reclamation district to file annual financial or audit reports if the districts cash and temporary investments were not in excess of $750,000 during the fiscal period. Under current statute, the amount is $250,000. The bill would require the Texas Commission on Environmental Quality (TCEQ) to amend existing rules to implement the provisions of the bill. According to the analysis by TCEQ, conservation and reclamation districts may file more annual financial reports and less audit reports. According to TCEQ, the provisions of the bill would not have a significant fiscal impact on the agency.
The bill would amend the Water Code to authorize a conservation and reclamation district to file annual financial or audit reports if the districts cash and temporary investments were not in excess of $750,000 during the fiscal period. Under current statute, the amount is $250,000.
The bill would require the Texas Commission on Environmental Quality (TCEQ) to amend existing rules to implement the provisions of the bill. According to the analysis by TCEQ, conservation and reclamation districts may file more annual financial reports and less audit reports. According to TCEQ, the provisions of the bill would not have a significant fiscal impact on the agency.
Local Government Impact
There could be a cost savings to a conservation and reclamation district related to reporting requirements; however, the amounts would vary by district depending on the cost of an audit report or an annual financial report, and current reporting procedures in a district.
Source Agencies: 582 Commission on Environmental Quality
582 Commission on Environmental Quality
LBB Staff: UP, SZ, TP
UP, SZ, TP