Honorable Joan Huffman, Chair, Senate Committee on State Affairs
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1294 by Capriglione (Relating to the disclosure on personal financial statements of certain contracts or subcontracts with governmental entities.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to increase reporting requirements of individuals filing personal financial statements with the Ethics Commission. The Ethics Commission indicates it could absorb any costs associated with the bill within its current resources.
The bill would take effect September 1, 2015 and would affect financial statements filed on or after January 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.