LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 19, 2021 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB692 by Shine (Relating to retainage requirements for certain public works construction projects.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Government Code related to retainage requirements for certain public works construction projects. Local Government ImpactAccording to Harris County, no significant fiscal impact to the county is anticipated. No significant fiscal impact to other units of local government is anticipated. Source Agencies: b > td > 580 Water Development Board LBB Staff: b > td > JMc, SZ, DPE, SMAT, CMA, BC LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 19, 2021 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB692 by Shine (Relating to retainage requirements for certain public works construction projects.), As Engrossed TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB692 by Shine (Relating to retainage requirements for certain public works construction projects.), As Engrossed Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce Jerry McGinty, Director, Legislative Budget Board Jerry McGinty, Director, Legislative Budget Board HB692 by Shine (Relating to retainage requirements for certain public works construction projects.), As Engrossed HB692 by Shine (Relating to retainage requirements for certain public works construction projects.), As Engrossed No significant fiscal implication to the State is anticipated. No significant fiscal implication to the State is anticipated. The bill would amend the Government Code related to retainage requirements for certain public works construction projects. Local Government Impact According to Harris County, no significant fiscal impact to the county is anticipated. No significant fiscal impact to other units of local government is anticipated. Source Agencies: b > td > 580 Water Development Board 580 Water Development Board LBB Staff: b > td > JMc, SZ, DPE, SMAT, CMA, BC JMc, SZ, DPE, SMAT, CMA, BC