CHAPTER 314. FISCAL NOTES AND COST PROJECTIONS

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GOVERNMENT CODE

TITLE 3. LEGISLATIVE BRANCH

SUBTITLE B. LEGISLATION

CHAPTER 314. FISCAL NOTES AND COST PROJECTIONS

Sec. 314.001. SYSTEM OF FISCAL NOTES. The Legislative Budget

Board shall establish a system of fiscal notes identifying the

probable costs of each bill or resolution that authorizes or

requires the expenditure or diversion of state funds for a

purpose other than one provided for in the general appropriations

bill.

Acts 1985, 69th Leg., ch. 479, Sec. 1, eff. Sept. 1, 1985.

Sec. 314.002. COST ESTIMATES. In preparing a fiscal note, the

board shall project cost estimates for a five-year period that

begins on the effective date of the bill or resolution and shall

state whether or not costs or diversions will be involved after

that period.

Acts 1985, 69th Leg., ch. 479, Sec. 1, eff. Sept. 1, 1985.

Sec. 314.003. ATTACHMENT TO BILL OR RESOLUTION. (a) If a

fiscal note is required on a bill or resolution, it must be

attached to the bill or resolution before a committee hearing on

the bill or resolution may be conducted.

(b) The fiscal note must be printed on the first page of the

committee report of the bill or resolution and on the first page

of all subsequent printings.

throughout the legislative process, including submission to the

governor.

Acts 1985, 69th Leg., ch. 479, Sec. 1, eff. Sept. 1, 1985.

Sec. 314.004. EQUALIZED EDUCATION FUNDING IMPACT STATEMENT. (a)

The board shall prepare for each bill or resolution that affects

public education an equalized education funding impact statement.

(b) The impact statement must evaluate the effect of the bill or

resolution on all state equalized funding requirements and

policies.

resolution immediately following:

(1) the fiscal note attached under Section 314.003; or

(2) if a dynamic fiscal impact statement is prepared under

Section 314.005, the dynamic fiscal impact statement.

Added by Acts 1990, 71st Leg., 6th C.S., ch. 1, Sec. 1.18, eff.

Sept. 1, 1990.

Amended by:

Acts 2009, 81st Leg., R.S., Ch.

1108, Sec. 2, eff. September 1, 2009.

Sec. 314.005. DYNAMIC FISCAL IMPACT STATEMENT ON TAX OR FEE

MEASURE. (a) The board shall prepare a dynamic fiscal impact

statement for each bill or joint resolution:

(1) that raises or lowers the rate or amount of a tax or fee or

proposes an amendment to the Texas Constitution that would raise

or lower the rate or amount of a tax or fee; and

(2) for which a fiscal note is prepared indicating a positive or

negative impact on revenue of at least $75 million annually.

(b) The dynamic fiscal impact statement must, based on dynamic

scoring principles, project for the five-year period beginning on

the proposed effective date of the change in the rate or amount

of the tax or fee the estimated fiscal and economic impacts of

raising or lowering the rate or amount of the tax or fee as

proposed, including the impact on:

(1) tax or fee receipts; and

(2) the costs of the specific program, if any, that the tax or

fee is designed to directly support.

of estimating the pace of economic growth or the change in the

aggregate level of economic output and incomes, in response to a

change in the rate or amount of a tax or fee, that takes into

consideration factors including:

(1) the direct impact on tax or fee receipts and, if the tax or

fee is designed to directly support a specific program, on

program costs;

(2) the effects on incentives to work, save, invest, and conduct

economic affairs;

(3) the resulting change in the overall level of economic

activity;

(4) the impact of the resulting higher or lower level of

economic activity on tax or fee receipts and, if the tax or fee

is designed to directly support a specific program, on program

costs; and

(5) a calculation of the net impact of the legislation proposing

the change on the unified budget.

(d) The dynamic fiscal impact statement must be attached to the

bill or resolution immediately following the fiscal note attached

under Section 314.003.

(e) On the fifth anniversary of the effective date of a bill

that becomes law for which a dynamic fiscal impact statement was

prepared under this section, the comptroller shall prepare and

submit to the presiding officer of each house of the legislature

a report that assesses the accuracy of the relevant fiscal note

prepared for the bill and the accuracy of the relevant dynamic

fiscal impact statement prepared for the bill.

Added by Acts 2009, 81st Leg., R.S., Ch.

1108, Sec. 1, eff. September 1, 2009.

State Codes and Statutes

State Codes and Statutes

State Codes and Statutes

State Codes and Statutes

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