LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session February 28, 2001 TO: Honorable Tom Ramsay, Chair, House Committee on County Affairs FROM: John Keel, Director, Legislative Budget Board IN RE: HB1436 by Capelo (Relating to the adoption by the state comptroller of a uniform chart of accounts for county financial data.), As Introduced ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** Local Government Impact The bill would implement recommendation EG-15 from the Comptroller's e-Texas report. The bill would amend Section 112.003 of the Local Government Code to direct the Comptroller of Public Accounts to adopt a uniform chart of accounts to be used by Texas counties for keeping and stating accounts of the officials and for reporting financial data or other pertinent information to the state. The chart of accounts would have to be adopted no later than January 1, 2002. The bill would take effect September 1, 2001. Under the provisions of the bill, counties would not be required to use the chart of accounts, but if they were to do so, an analysis by the Comptroller indicates counties could incur a one-time cost for setting up a new system that could range from $5,000 to $10,000 for small counties to $1 million to $1.5 million for the largest counties. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, DB