Honorable Jane Nelson, Chair, Senate Committee on Finance
Ursula Parks, Director, Legislative Budget Board
HB5 by Otto (relating to strategic fiscal reviews of state agencies and programs.), Committee Report 2nd House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to require the Legislative Budget Board (LBB) to perform a strategic fiscal review for each state agency currently the subject of a Sunset Advisory Commission review under chapter 325, Government Code. The bill would require the LBB to submit a report of the findings of the strategic fiscal review performed under the requirements of the bill by September 1st of the even numbered year of the biennium during which the review is conducted to the Governor, Lieutenant Governor, Speaker of the House of Representatives, Senate Finance Committee, and House Appropriations Committee. The bill would allow the Legislature to consider the strategic fiscal review reports in connection with the legislative appropriation process.
Local Government Impact
No fiscal implication to units of local government is anticipated.