Honorable Giovanni Capriglione, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB1038 by Cain (Relating to a biennial report on state lending and credit support programs.), As Introduced
No significant fiscal implication to the State is anticipated.
It is assumed that any costs associated with the bill could be absorbed using existing resources.
The Bond Review Board indicates that the provisions of the bill might necessitate the contracting of an accounting firm to audit the report to ensure that it is compliant with standards of the Financial Accounting Standards Board. This analysis assumes that the accounting service is not necessary.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.