LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 3, 2023 TO: Honorable Todd Hunter, Chair, House Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4053 by Johnson, Julie (Relating to the contents of the personal financial statement filed by public officers and candidates.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for HB4053, As Introduced : a negative impact of ($52,500) through the biennium ending August 31, 2025. General Revenue-Related Funds, Five- Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact toGeneral Revenue Related Funds2024($52,500)2025$02026$02027$02028$0All Funds, Five-Year Impact: Fiscal Year Probable Savings/(Cost) fromGeneral Revenue Fund12024($52,500)2025$02026$02027$02028$0 Fiscal AnalysisThe bill would amend the Government Code to modify certain personal financial disclosure requirements that public officers and candidates are required to file with the Texas Ethics Commission (TEC). According to TEC, the bill would require that the Electronic Filing System (EFS) used to record financial disclosure statements be modified by the software vendor.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 3, 2023
TO: Honorable Todd Hunter, Chair, House Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4053 by Johnson, Julie (Relating to the contents of the personal financial statement filed by public officers and candidates.), As Introduced
TO: Honorable Todd Hunter, Chair, House Committee on State Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4053 by Johnson, Julie (Relating to the contents of the personal financial statement filed by public officers and candidates.), As Introduced
Honorable Todd Hunter, Chair, House Committee on State Affairs
Honorable Todd Hunter, Chair, House Committee on State Affairs
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB4053 by Johnson, Julie (Relating to the contents of the personal financial statement filed by public officers and candidates.), As Introduced
HB4053 by Johnson, Julie (Relating to the contents of the personal financial statement filed by public officers and candidates.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB4053, As Introduced : a negative impact of ($52,500) through the biennium ending August 31, 2025.
Estimated Two-year Net Impact to General Revenue Related Funds for HB4053, As Introduced : a negative impact of ($52,500) through the biennium ending August 31, 2025.
General Revenue-Related Funds, Five- Year Impact:
2024 ($52,500)
2025 $0
2026 $0
2027 $0
2028 $0
All Funds, Five-Year Impact:
2024 ($52,500)
2025 $0
2026 $0
2027 $0
2028 $0
Fiscal Analysis
The bill would amend the Government Code to modify certain personal financial disclosure requirements that public officers and candidates are required to file with the Texas Ethics Commission (TEC). According to TEC, the bill would require that the Electronic Filing System (EFS) used to record financial disclosure statements be modified by the software vendor.
Methodology
The bill would require the deletion of several current data fields in the EFS that record counts of stock and mutual funds, names of persons retaining interests in real property, and disclosures related to bond counsel. In addition to work performed by TEC staff, the agency would be required to pay for modifications performed by the software vendor for the EFS.
Technology
The agency estimates that the software vendor would require 350 hours to modify the EFS at a cost of $150 per hour. The total estimated cost for the modifications performed by the vendor would be $52,500 in fiscal year 2024.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 356 Texas Ethics Commission
356 Texas Ethics Commission
LBB Staff: b > td > JMc, SMAT, LCO, GP
JMc, SMAT, LCO, GP