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LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
April 3, 2023
TO:
Honorable Todd Hunter, Chair, House Committee on State Affairs
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4053 by Johnson, Julie (Relating to the contents of the personal financial statement filed by public officers and candidates.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for HB4053, As Introduced : a negative impact of ($52,500) through the biennium ending August 31, 2025.
General Revenue-Related Funds, Five- Year Impact:
Fiscal Year
Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2024
($52,500)
2025
$0
2026
$0
2027
$0
2028
$0
All Funds, Five-Year Impact:
Fiscal Year
Probable Savings/(Cost) from General Revenue Fund 1
2024
($52,500)
2025
$0
2026
$0
2027
$0
2028
$0
Fiscal Analysis
The bill would amend the Government Code to modify certain personal financial disclosure requirements that public officers and candidates are required to file with the Texas Ethics Commission (TEC). According to TEC, the bill would require that the Electronic Filing System (EFS) used to record financial disclosure statements be modified by the software vendor.
Methodology
The bill would require the deletion of several current data fields in the EFS that record counts of stock and mutual funds, names of persons retaining interests in real property, and disclosures related to bond counsel. In addition to work performed by TEC staff, the agency would be required to pay for modifications performed by the software vendor for the EFS.
Technology
The agency estimates that the software vendor would require 350 hours to modify the EFS at a cost of $150 per hour. The total estimated cost for the modifications performed by the vendor would be $52,500 in fiscal year 2024.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.