Honorable Morgan Meyer, Chair, House Committee on Ways & Means
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3614 by Cain (relating to a biennial report on state lending and credit support programs.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 403 of the Government Code to require the Bond Review Board to submit to the Legislature and to post on the agency's website a biennial report on state lending and credit support programs. The bill would require political subdivisions and other state agencies to submit the relevant information to the Bond Review Board. The Bond Review Board indicates there would be a cost associated with the reporting requirement. This analysis assumes the cost could be absorbed using existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 352 Bond Review Board