Honorable John Kuempel, Chair, House Committee on General Investigating & Ethics
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB3511 by Davis, Sarah (Relating to the contents of financial statements that are electronically filed by certain persons.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Government Code to exempt people who file personal financial statements with the Ethics Commission or other filing authority from including a notarized affidavit with the financial statement, if they do so electronically, using a password. Any costs associated with implementing the bill could be absorbed within current resources.
The bill would take effect September 1, 2015 and would apply only to financial statements filed on or after that date.
Local Government Impact
No fiscal implication to units of local government is anticipated.