LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION March 27, 2017 TO: Honorable Dan Huberty, Chair, House Committee on Public Education FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2340 by Huberty (Relating to the use by a school district of certain undesignated funds in the district's general fund.), As Introduced No fiscal implication to the State is anticipated. The bill would require a school district to maintain a minimum balance of undesignated funds in the general fund of the district in an amount that is not less than the general operating expenses of the school district for a period of 90 days. The bill would require the general operating expenses for a period of 90 days to be determined using the operating expenses incurred by the district for the preceding 90 days. Local Government Impact School districts may incur some administrative costs to determine the continuing 90 day expense levels; however, these costs are not expected to be significant. Source Agencies:701 Texas Education Agency LBB Staff: UP, THo, AM, AH, SL
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
March 27, 2017
TO: Honorable Dan Huberty, Chair, House Committee on Public Education FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2340 by Huberty (Relating to the use by a school district of certain undesignated funds in the district's general fund.), As Introduced
TO: Honorable Dan Huberty, Chair, House Committee on Public Education
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2340 by Huberty (Relating to the use by a school district of certain undesignated funds in the district's general fund.), As Introduced
Honorable Dan Huberty, Chair, House Committee on Public Education
Honorable Dan Huberty, Chair, House Committee on Public Education
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2340 by Huberty (Relating to the use by a school district of certain undesignated funds in the district's general fund.), As Introduced
HB2340 by Huberty (Relating to the use by a school district of certain undesignated funds in the district's general fund.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would require a school district to maintain a minimum balance of undesignated funds in the general fund of the district in an amount that is not less than the general operating expenses of the school district for a period of 90 days. The bill would require the general operating expenses for a period of 90 days to be determined using the operating expenses incurred by the district for the preceding 90 days.
Local Government Impact
School districts may incur some administrative costs to determine the continuing 90 day expense levels; however, these costs are not expected to be significant.
Source Agencies: 701 Texas Education Agency
701 Texas Education Agency
LBB Staff: UP, THo, AM, AH, SL
UP, THo, AM, AH, SL