LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 20, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3750 by Simmons (Relating to interim studies on real property owned by the state.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would require the State Office of Risk Management (SORM) to use information provided by the Legislative Budget Board (LBB) on statewide real property holdings to conduct an interim study on insurable state assets. SORM would use the study to develop a statewide strategy to ensure that all real property owned by the state is adequately insured.In collecting information about state real property holdings, LBB would be required to coordinate with SORM, the Texas Comptroller of Public Accounts (CPA), the State Auditor's Office (SAO), the General Land Office (GLO), the Texas Facilities Commission (TFC), the Texas Higher Education Coordinating Board (THECB), and any other state agency. The bill would require LBB to collect comprehensive data on state-owned properties. The bill requires LBB to provide the information it collects to SORM by a date prescribed by SORM. By June 1, 2016, SORM would have to compile the information into a single database that is accessible to the legislature and all state agencies.For the purposes of this fiscal note, it is assumed that LBB would collaborate with SORM to survey all state agencies, including institutions of higher education, about their real property holdings. It is assumed that each agency would respond with information on properties owned by that agency, but that no additional analysis would be required in the event that requested data was unavailable. It is assumed that costs associated with the requirements of the bill would not be significant and could be absorbed within agency resources.The bill would have immediate effect if it received a two-thirds vote of all members of the House and Senate on final passage. Otherwise, it would take effect September 1, 2015. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:303 Facilities Commission, 304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 308 State Auditor's Office, 479 State Office of Risk Management, 529 Health and Human Services Commission, 601 Department of Transportation, 696 Department of Criminal Justice, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 781 Higher Education Coordinating Board, 802 Parks and Wildlife Department LBB Staff: UP, CL, SZ, JJ, THo
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 20, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3750 by Simmons (Relating to interim studies on real property owned by the state.), As Engrossed
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3750 by Simmons (Relating to interim studies on real property owned by the state.), As Engrossed
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3750 by Simmons (Relating to interim studies on real property owned by the state.), As Engrossed
HB3750 by Simmons (Relating to interim studies on real property owned by the state.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require the State Office of Risk Management (SORM) to use information provided by the Legislative Budget Board (LBB) on statewide real property holdings to conduct an interim study on insurable state assets. SORM would use the study to develop a statewide strategy to ensure that all real property owned by the state is adequately insured.In collecting information about state real property holdings, LBB would be required to coordinate with SORM, the Texas Comptroller of Public Accounts (CPA), the State Auditor's Office (SAO), the General Land Office (GLO), the Texas Facilities Commission (TFC), the Texas Higher Education Coordinating Board (THECB), and any other state agency. The bill would require LBB to collect comprehensive data on state-owned properties. The bill requires LBB to provide the information it collects to SORM by a date prescribed by SORM. By June 1, 2016, SORM would have to compile the information into a single database that is accessible to the legislature and all state agencies.For the purposes of this fiscal note, it is assumed that LBB would collaborate with SORM to survey all state agencies, including institutions of higher education, about their real property holdings. It is assumed that each agency would respond with information on properties owned by that agency, but that no additional analysis would be required in the event that requested data was unavailable. It is assumed that costs associated with the requirements of the bill would not be significant and could be absorbed within agency resources.The bill would have immediate effect if it received a two-thirds vote of all members of the House and Senate on final passage. Otherwise, it would take effect September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 303 Facilities Commission, 304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 308 State Auditor's Office, 479 State Office of Risk Management, 529 Health and Human Services Commission, 601 Department of Transportation, 696 Department of Criminal Justice, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 781 Higher Education Coordinating Board, 802 Parks and Wildlife Department
303 Facilities Commission, 304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 308 State Auditor's Office, 479 State Office of Risk Management, 529 Health and Human Services Commission, 601 Department of Transportation, 696 Department of Criminal Justice, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 781 Higher Education Coordinating Board, 802 Parks and Wildlife Department
LBB Staff: UP, CL, SZ, JJ, THo
UP, CL, SZ, JJ, THo