LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 17, 2023 TO: Honorable Bryan Hughes, Chair, Senate 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 Engrossed Estimated Two-year Net Impact to General Revenue Related Funds for HB4053, As Engrossed : a negative impact of ($135,000) 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($135,000)2025$02026$02027$02028$0All Funds, Five-Year Impact: Fiscal Year Probable Savings/(Cost) fromGeneral Revenue Fund12024($135,000)2025$02026$02027$02028$0 Fiscal AnalysisThe bill would amend the Election Code to modify certain filings of personal financial statements with the Texas Ethics Commission (TEC). According to TEC, the bill would require that the Electronic Filing System (EFS) used to record these data be modified by the software vendor.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 17, 2023
TO: Honorable Bryan Hughes, Chair, Senate 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 Engrossed
TO: Honorable Bryan Hughes, Chair, Senate 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 Engrossed
Honorable Bryan Hughes, Chair, Senate Committee on State Affairs
Honorable Bryan Hughes, Chair, Senate 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 Engrossed
HB4053 by Johnson, Julie (Relating to the contents of the personal financial statement filed by public officers and candidates.), As Engrossed
Estimated Two-year Net Impact to General Revenue Related Funds for HB4053, As Engrossed : a negative impact of ($135,000) through the biennium ending August 31, 2025.
Estimated Two-year Net Impact to General Revenue Related Funds for HB4053, As Engrossed : a negative impact of ($135,000) through the biennium ending August 31, 2025.
General Revenue-Related Funds, Five- Year Impact:
2024 ($135,000)
2025 $0
2026 $0
2027 $0
2028 $0
All Funds, Five-Year Impact:
2024 ($135,000)
2025 $0
2026 $0
2027 $0
2028 $0
Fiscal Analysis
The bill would amend the Election Code to modify certain filings of personal financial statements with the Texas Ethics Commission (TEC). According to TEC, the bill would require that the Electronic Filing System (EFS) used to record these data be modified by the software vendor.
Methodology
The bill would require substantial revisions to multiple data fields including modifications to reporting requirements for stocks and mutual funds. 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 900 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 $135,000 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, GP
JMc, SMAT, GP