Honorable Joe Straus, Speaker of the House, House of Representatives
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
HB345 by Kleinschmidt (Relating to limitations on awards in an adjudication brought against a local governmental entity for breach of contract.), As Passed 2nd House
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code related to the amount of interest a local government is liable for to a vendor on a disputed payment.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.