LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION

March 25, 2025

TO:	Honorable Giovanni Capriglione, Chair, House Committee on Delivery of Government Efficiency
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	HB643 by Gervin-Hawkins (Relating to the requirement for payment bonds from certain public work contractors.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would increase the threshold of the contract dollar value above which a public work contractor would need to execute a payment bond, from $25,000 to $100,000. State agencies anticipate that any impacts from the bill, such as updating contracts, could be accomplished within existing resources. 

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

242 State Commission on Judicial Conduct, 303 Facilities Commission, 601 Department of Transportation, 802 Parks and Wildlife Department, 808 Historical Commission, 809 Preservation Board

LBB Staff:

JMc, RStu, THO, NT