LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 21, 2025 TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3526 by Capriglione (relating to fiscal transparency for bonds issued by local governmental entities.), Committee Report 1st House, Substituted Estimated Two-year Net Impact to General Revenue Related Funds for HB3526, Committee Report 1st House, Substituted: a negative impact of ($290,000) through the biennium ending August 31, 2027. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. General Revenue-Related Funds, Five- Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact toGeneral Revenue Related Funds2026($210,000)2027($80,000)2028($80,000)2029($80,000)2030($80,000)All Funds, Five-Year Impact: Fiscal Year Probable Savings/(Cost) fromGeneral Revenue Fund1 Change in Number of State Employees from FY 20252026($210,000)1.02027($80,000)1.02028($80,000)1.02029($80,000)1.02030($80,000)1.0 Fiscal AnalysisThe bill would amend the Government Code to direct the Bond Review Board (BRB) to develop and maintain a publicly accessible and searchable database containing certain information on each bond proposed or issued by a local government. The bill would direct the BRB to submit a report not later than December 31 of each even-numbered year to each standing committee of the legislature with primary jurisdiction over matters relating to finance.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 21, 2025
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3526 by Capriglione (relating to fiscal transparency for bonds issued by local governmental entities.), Committee Report 1st House, Substituted
TO: Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3526 by Capriglione (relating to fiscal transparency for bonds issued by local governmental entities.), Committee Report 1st House, Substituted
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Stan Lambert, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB3526 by Capriglione (relating to fiscal transparency for bonds issued by local governmental entities.), Committee Report 1st House, Substituted
HB3526 by Capriglione (relating to fiscal transparency for bonds issued by local governmental entities.), Committee Report 1st House, Substituted
Estimated Two-year Net Impact to General Revenue Related Funds for HB3526, Committee Report 1st House, Substituted: a negative impact of ($290,000) through the biennium ending August 31, 2027. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Estimated Two-year Net Impact to General Revenue Related Funds for HB3526, Committee Report 1st House, Substituted: a negative impact of ($290,000) through the biennium ending August 31, 2027. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five- Year Impact:
2026 ($210,000)
2027 ($80,000)
2028 ($80,000)
2029 ($80,000)
2030 ($80,000)
All Funds, Five-Year Impact:
2026 ($210,000) 1.0
2027 ($80,000) 1.0
2028 ($80,000) 1.0
2029 ($80,000) 1.0
2030 ($80,000) 1.0
Fiscal Analysis
The bill would amend the Government Code to direct the Bond Review Board (BRB) to develop and maintain a publicly accessible and searchable database containing certain information on each bond proposed or issued by a local government. The bill would direct the BRB to submit a report not later than December 31 of each even-numbered year to each standing committee of the legislature with primary jurisdiction over matters relating to finance.
The bill would direct the BRB to submit a report not later than December 31 of each even-numbered year to each standing committee of the legislature with primary jurisdiction over matters relating to finance.
Methodology
It is anticipated the BRB would need one additional FTE (Program Specialist I or II). The total FTE-related cost is estimated to be $160,000 for the 2026-27 biennium.
Technology
The BRB estimates a one-time cost of $130,000 in fiscal year 2026 to design and build the website.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 302 Office of the Attorney General, 352 Bond Review Board
302 Office of the Attorney General, 352 Bond Review Board
LBB Staff: b > td > JMc, FV, LCO, KCu
JMc, FV, LCO, KCu