LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 22, 2015 TO: Honorable Joan Huffman, Chair, Senate Committee on State Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3511 by Davis, Sarah (Relating to the contents of financial statements filed by certain persons; adding a provision subject to criminal penalties.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend Government Code to increase property disclosure requirements and exempt people who file personal financial statements with the Ethics Commission or other filing authority from including a notarized affidavit with the financial statement, if they do so electronically, using a password. The bill would also add a provision to make financial statements filed under this chapter subject to prosecution under Chapter 37, Penal Code. Any costs associated with implementing the bill could be absorbed within current resources.The bill would take effect September 1, 2015 and would apply only to financial statements filed on or after that date. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:356 Texas Ethics Commission LBB Staff: UP, AG, FR, EMo
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 22, 2015
TO: Honorable Joan Huffman, Chair, Senate Committee on State Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3511 by Davis, Sarah (Relating to the contents of financial statements filed by certain persons; adding a provision subject to criminal penalties.), Committee Report 2nd House, Substituted
TO: Honorable Joan Huffman, Chair, Senate Committee on State Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3511 by Davis, Sarah (Relating to the contents of financial statements filed by certain persons; adding a provision subject to criminal penalties.), Committee Report 2nd House, Substituted
Honorable Joan Huffman, Chair, Senate Committee on State Affairs
Honorable Joan Huffman, Chair, Senate Committee on State Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3511 by Davis, Sarah (Relating to the contents of financial statements filed by certain persons; adding a provision subject to criminal penalties.), Committee Report 2nd House, Substituted
HB3511 by Davis, Sarah (Relating to the contents of financial statements filed by certain persons; adding a provision subject to criminal penalties.), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Government Code to increase property disclosure requirements and exempt people who file personal financial statements with the Ethics Commission or other filing authority from including a notarized affidavit with the financial statement, if they do so electronically, using a password. The bill would also add a provision to make financial statements filed under this chapter subject to prosecution under Chapter 37, Penal Code. Any costs associated with implementing the bill could be absorbed within current resources.The bill would take effect September 1, 2015 and would apply only to financial statements filed on or after that date.
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: UP, AG, FR, EMo
UP, AG, FR, EMo