LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 30, 2021 TO: Honorable Terry Canales, Chair, House Committee on Transportation FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3390 by Thompson, Ed (Relating to the purchase of cybersecurity insurance coverage by the Texas Department of Transportation.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Transportation Code to authorize the Texas Department of Transportation (TxDOT) to purchase cybersecurity insurance coverage that the department considers necessary to protect against liability, revenue, and property losses that may result from a data breach or cyber attack.Based on the information provided by TxDOT, it is assumed the costs of a cybersecurity insurance policy that may be purchased by the department under the provisions of the bill could be absorbed within the agency's existing resources. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 601 Department of Transportation LBB Staff: b > td > JMc, AAL, TG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 30, 2021
TO: Honorable Terry Canales, Chair, House Committee on Transportation FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3390 by Thompson, Ed (Relating to the purchase of cybersecurity insurance coverage by the Texas Department of Transportation.), As Introduced
TO: Honorable Terry Canales, Chair, House Committee on Transportation
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3390 by Thompson, Ed (Relating to the purchase of cybersecurity insurance coverage by the Texas Department of Transportation.), As Introduced
Honorable Terry Canales, Chair, House Committee on Transportation
Honorable Terry Canales, Chair, House Committee on Transportation
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB3390 by Thompson, Ed (Relating to the purchase of cybersecurity insurance coverage by the Texas Department of Transportation.), As Introduced
HB3390 by Thompson, Ed (Relating to the purchase of cybersecurity insurance coverage by the Texas Department of Transportation.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Transportation Code to authorize the Texas Department of Transportation (TxDOT) to purchase cybersecurity insurance coverage that the department considers necessary to protect against liability, revenue, and property losses that may result from a data breach or cyber attack.Based on the information provided by TxDOT, it is assumed the costs of a cybersecurity insurance policy that may be purchased by the department under the provisions of the bill could be absorbed within the agency's existing resources.
Based on the information provided by TxDOT, it is assumed the costs of a cybersecurity insurance policy that may be purchased by the department under the provisions of the bill could be absorbed within the agency's existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 601 Department of Transportation
601 Department of Transportation
LBB Staff: b > td > JMc, AAL, TG
JMc, AAL, TG