LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 13, 2023 TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services 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 Introduced 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, MOc, LCO, HGR
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 13, 2023
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services 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 Introduced
TO: Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
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 Introduced
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
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 Introduced
HB1038 by Cain (Relating to a biennial report on state lending and credit support programs.), As Introduced
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, MOc, LCO, HGR
JMc, MOc, LCO, HGR