LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 7, 2023 TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1038 by Cain (Relating to a biennial report on state lending and credit support programs.), As Engrossed No significant fiscal implication to the State is anticipated. It is assumed that any costs associated with the bill could be absorbed using existing resources.The Bond Review Board indicates that the provisions of the bill might necessitate the contracting of an accounting firm to audit the report to ensure that it is compliant with standards of the Financial Accounting Standards Board. This analysis assumes that the accounting service is not necessary. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 352 Bond Review Board LBB Staff: b > td > JMc, KK, HGR, MOc, LCO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 7, 2023
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1038 by Cain (Relating to a biennial report on state lending and credit support programs.), As Engrossed
TO: Honorable Joan Huffman, Chair, Senate Committee on Finance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1038 by Cain (Relating to a biennial report on state lending and credit support programs.), As Engrossed
Honorable Joan Huffman, Chair, Senate Committee on Finance
Honorable Joan Huffman, Chair, Senate Committee on Finance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1038 by Cain (Relating to a biennial report on state lending and credit support programs.), As Engrossed
HB1038 by Cain (Relating to a biennial report on state lending and credit support programs.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
It is assumed that any costs associated with the bill could be absorbed using existing resources.The Bond Review Board indicates that the provisions of the bill might necessitate the contracting of an accounting firm to audit the report to ensure that it is compliant with standards of the Financial Accounting Standards Board. This analysis assumes that the accounting service is not necessary.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 352 Bond Review Board
352 Bond Review Board
LBB Staff: b > td > JMc, KK, HGR, MOc, LCO
JMc, KK, HGR, MOc, LCO