LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 13, 2021 TO: Honorable Chris Paddie, Chair, House Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2051 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced No significant fiscal implication to the State is anticipated. This bill would amend the Government Code related to payment bonds for certain public work contractors by increasing the contract threshold amount over which these payment bonds would be required.According to the Texas Facilities Commission, the Military Department, the Parks and Wildlife Department, and the Historical Commission no significant fiscal impact to the state is anticipated. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 303 Facilities Commission, 401 Military Department, 802 Parks and Wildlife Department, 808 Historical Commission LBB Staff: b > td > JMc, SMAT, GP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 13, 2021
TO: Honorable Chris Paddie, Chair, House Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB2051 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced
TO: Honorable Chris Paddie, Chair, House Committee on State Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB2051 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced
Honorable Chris Paddie, Chair, House Committee on State Affairs
Honorable Chris Paddie, Chair, House Committee on State Affairs
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB2051 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced
HB2051 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would amend the Government Code related to payment bonds for certain public work contractors by increasing the contract threshold amount over which these payment bonds would be required.According to the Texas Facilities Commission, the Military Department, the Parks and Wildlife Department, and the Historical Commission no significant fiscal impact to the state is anticipated.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 303 Facilities Commission, 401 Military Department, 802 Parks and Wildlife Department, 808 Historical Commission
303 Facilities Commission, 401 Military Department, 802 Parks and Wildlife Department, 808 Historical Commission
LBB Staff: b > td > JMc, SMAT, GP
JMc, SMAT, GP