Honorable Byron Cook, Chair, House Committee on State Affairs
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB217 by Hinojosa (Relating to the self-directed and semi-independent status of certain agencies and to the requirements applicable to, and the oversight of, those agencies.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code, Finance Code, and Occupations Code relating to the self-directed and semi-independent (SDSI) status of certain agencies and to the requirements applicable to, and the oversight of, those agencies.
The bill provides authority for the Legislative Budget Board (LBB) to recover costs from SDSI agencies; the LBB does not currently engage in cost recovery. It is anticipated that there would be a workload increase for the LBB associated with the bill's requirements, which would affect the agency's capacity to engage in other oversight activities.
This analysis assumes the State Auditor's Office (SAO) would enter into an interagency contract with agencies that request audits prior to application for SDSI status to reimburse the SAO for costs incurred in performing such audits. Based on information provided by the Sunset Advisory Commission, it is assumed that the duties and responsibilities associated with implementing the provisions of the bill for these agencies could be accomplished by utilizing existing resources.
As a self-funding, self-leveling agency, all SDSI agencies are required to collect revenues sufficient to cover their costs, so that any additional costs incurred in implementing the provisions of this bill would be offset by an equal amount of revenue.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 308 State Auditor's Office, 451 Department of Banking, 466 Office of Consumer Credit Commissioner, 469 Credit Union Department, 116 Sunset Advisory Commission, 329 Real Estate Commission, 450 Department of Savings and Mortgage Lending