Honorable Allan Ritter, Chair, House Committee on Natural Resources
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
HB3002 by Hughes (Relating to certain conservation and reclamation districts exempted from filing a full audit.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would allow conservation and reclamation districts whose gross receipts would not be in excess of $250,000 in a fiscal year, as opposed to $100,000 under current law, file annual financial reports with the Texas Commission on Environmental Quality (TCEQ), instead of having an audit performed and submitting an audit report. The TCEQ reports that the bill's passage is not expected to result in a significant fiscal impact to the agency.
Local Government Impact
A district could save the cost of an independent audit and audit report as a result of the bill’s provisions if it meets all the criteria listed in section 49.198 (a) of the Water Code including gross receipts of $250,000 or less instead of gross receipts of $100,000 or less.
Source Agencies:
304 Comptroller of Public Accounts, 582 Commission on Environmental Quality