LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION
 
May 23, 2003

TO:
Honorable Bill Ratliff, Chair, Senate Committee on State Affairs
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
HB3096 by Madden (Relating to the penalty for the failure to timely file a report of political contributions and expenditures with the Texas Ethics Commission.), Committee Report 2nd House, As Amended



Estimated Two-year Net Impact to General Revenue Related Funds for HB3096, Committee Report 2nd House, As Amended: a positive impact of $3,538,400 through the biennium ending August 31, 2005.



Fiscal Year Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2004 $3,259,200
2005 $279,200
2006 $3,259,200
2007 $279,200
2008 $3,259,200




Fiscal Year Probable Revenue Gain from
GENERAL REVENUE FUND
1
2004 $3,259,200
2005 $279,200
2006 $3,259,200
2007 $279,200
2008 $3,259,200

Fiscal Analysis

The bill increases penalties for late filing of campaign finance reports and semiannual reports due immediately after an election.

Methodology

The bill would increase revenue to the state via penalties for late filings of campaign finance reports required by statute.  The penalties would increase from $100.00 to $500.00. The agency has indicated that an average of 698 reports were filed late, thus producing an increase of $279,200 per fiscal year. An additional $100.00 a day would be assessed for reports that are required to be filed immediately after an election with a cap of $10,000. The agency indicates that they anticipate 250 reports would reach the maximum $10,000 generating $2,500,000 to the General Revenue Fund. In addition, an
additional 200 reports would reach the 24-day mark generating $480,000 to the General Revenue Fund.

Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
356 Texas Ethics Commission
LBB Staff:
JK, JO, RR, MS, JM