LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION March 25, 2025 TO: Honorable Giovanni Capriglione, Chair, House Committee on Delivery of Government Efficiency FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB643 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 increase the threshold of the contract dollar value above which a public work contractor would need to execute a payment bond, from $25,000 to $100,000. State agencies anticipate that any impacts from the bill, such as updating contracts, could be accomplished within existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 242 State Commission on Judicial Conduct, 303 Facilities Commission, 601 Department of Transportation, 802 Parks and Wildlife Department, 808 Historical Commission, 809 Preservation Board LBB Staff: b > td > JMc, RStu, THO, NT
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
March 25, 2025
TO: Honorable Giovanni Capriglione, Chair, House Committee on Delivery of Government Efficiency FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB643 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced
TO: Honorable Giovanni Capriglione, Chair, House Committee on Delivery of Government Efficiency
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB643 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced
Honorable Giovanni Capriglione, Chair, House Committee on Delivery of Government Efficiency
Honorable Giovanni Capriglione, Chair, House Committee on Delivery of Government Efficiency
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB643 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced
HB643 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 increase the threshold of the contract dollar value above which a public work contractor would need to execute a payment bond, from $25,000 to $100,000. State agencies anticipate that any impacts from the bill, such as updating contracts, could be accomplished within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 242 State Commission on Judicial Conduct, 303 Facilities Commission, 601 Department of Transportation, 802 Parks and Wildlife Department, 808 Historical Commission, 809 Preservation Board
242 State Commission on Judicial Conduct, 303 Facilities Commission, 601 Department of Transportation, 802 Parks and Wildlife Department, 808 Historical Commission, 809 Preservation Board
LBB Staff: b > td > JMc, RStu, THO, NT
JMc, RStu, THO, NT