Honorable Chris Paddie, Chair, House Committee on State Affairs
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB2051 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.
This bill would amend the Government Code related to payment bonds for certain public work contractors by increasing the contract threshold amount over which these payment bonds would be required.
According to the Texas Facilities Commission, the Military Department, the Parks and Wildlife Department, and the Historical Commission no significant fiscal impact to the state is anticipated.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
303 Facilities Commission, 401 Military Department, 802 Parks and Wildlife Department, 808 Historical Commission