LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION April 18, 2023 TO: Honorable Todd Hunter, Chair, House Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB857 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Government Code related to payment bonds for certain public work contractors by increasing the threshold amount over which these payment bonds would be required. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 303 Facilities Commission, 601 Department of Transportation, 802 Parks and Wildlife Department, 808 Historical Commission, 809 Preservation Board LBB Staff: b > td > JMc, SMAT, BC, DPE
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 18, 2023
TO: Honorable Todd Hunter, Chair, House Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB857 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced
TO: Honorable Todd Hunter, Chair, House Committee on State Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB857 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), 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
HB857 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced
HB857 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced
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 payment bonds for certain public work contractors by increasing the threshold amount over which these payment bonds would be required.
The bill would amend the Government Code related to payment bonds for certain public work contractors by increasing the threshold amount over which these payment bonds would be required.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 303 Facilities Commission, 601 Department of Transportation, 802 Parks and Wildlife Department, 808 Historical Commission, 809 Preservation Board
303 Facilities Commission, 601 Department of Transportation, 802 Parks and Wildlife Department, 808 Historical Commission, 809 Preservation Board
LBB Staff: b > td > JMc, SMAT, BC, DPE
JMc, SMAT, BC, DPE