LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 13, 2015 TO: Honorable Jimmie Don Aycock, Chair, House Committee on Public Education FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2451 by Huberty (Relating to the use by a school district of certain undesignated funds in the district's general fund.), As Introduced No significant fiscal implication to the State is anticipated. The bill would require school districts to maintain a minimum balance of undesignated funds in the general fund of 90 days of general operating expenses. The Texas Education Agency anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources. Local Government Impact School districts could incur administrative costs to calculate the previous 90 days of operating expenses on an ongoing basis to comply with the required minimum balance in undesignated funds in the general fund. Source Agencies:701 Central Education Agency LBB Staff: UP, JBi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 13, 2015
TO: Honorable Jimmie Don Aycock, Chair, House Committee on Public Education FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2451 by Huberty (Relating to the use by a school district of certain undesignated funds in the district's general fund.), As Introduced
TO: Honorable Jimmie Don Aycock, Chair, House Committee on Public Education
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2451 by Huberty (Relating to the use by a school district of certain undesignated funds in the district's general fund.), As Introduced
Honorable Jimmie Don Aycock, Chair, House Committee on Public Education
Honorable Jimmie Don Aycock, Chair, House Committee on Public Education
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2451 by Huberty (Relating to the use by a school district of certain undesignated funds in the district's general fund.), As Introduced
HB2451 by Huberty (Relating to the use by a school district of certain undesignated funds in the district's general fund.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require school districts to maintain a minimum balance of undesignated funds in the general fund of 90 days of general operating expenses. The Texas Education Agency anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.
Local Government Impact
School districts could incur administrative costs to calculate the previous 90 days of operating expenses on an ongoing basis to comply with the required minimum balance in undesignated funds in the general fund.
Source Agencies: 701 Central Education Agency
701 Central Education Agency
LBB Staff: UP, JBi
UP, JBi