85R7386 MK-D By: Hall S.B. No. 1358 A BILL TO BE ENTITLED AN ACT relating to the sunset review of the Legislative Budget Board and a study by the comptroller on the accuracy of fiscal notes prepared by the Legislative Budget Board. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 322, Government Code, is amended by adding Section 322.026 to read as follows: Sec. 322.026. SUNSET PROVISION. The Legislative Budget Board is subject to Chapter 325 (Texas Sunset Act). Unless continued in existence as provided by that chapter, the agency is abolished September 1, 2019. SECTION 2. Subchapter B, Chapter 403, Government Code, is amended by adding Section 403.0146 to read as follows: Sec. 403.0146. REVIEW OF ACCURACY OF FISCAL NOTES. (a) The comptroller shall conduct a study for each fiscal biennium to determine the accuracy of fiscal notes prepared by the Legislative Budget Board and attached to bills or resolutions in accordance with Chapter 314 during the regular legislative session preceding the fiscal biennium. The study must compare the probable cost estimate contained in the fiscal notes with the actual cost to the state of the bills or resolutions. (b) Not later than December 1 of each even-numbered year, the comptroller shall publish a report containing the results of the study conducted under this section and any issues of concern or areas of improvement. (c) The comptroller shall adopt rules necessary to implement this section. SECTION 3. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2017.