What is the Legislative Budget Board quizlet?
The Legislative Budget Board develops budget and policy recommendations for legislative appropriations, completes fiscal analyses for proposed legislation, and conducts evaluations and reviews to improve the efficiency and performance of state and local operations. The board is co-chaired by Lieutenant governor.
What was the original purpose of the Legislative Budget Board quizlet?
What what the original purpose of the Legislative Budget Board? 1) Consolidate the many appropriation bills. 2) Coordinate the budget process. Speaker of the House and the Lieutenant Governor.
Who is the current chair of the Legislative Budget Board of Texas quizlet?
The Lieutenant Governor serves as chairman of the Legislative Budget Board and the Legislative Council (helps write bills), and is vice-chairman of the Legislative Audit Committee (makes sure money gets spent the right way) and the Legislative Education Board.
What is the original purpose of the Legislative Budget Board?
LBB – BOARD MEMBERS The ten-member Legislative Budget Board (LBB) was created by statute in 1949. The primary purpose of the Board is the development of recommended legislative appropriations for all agencies of state government.
Who is the chair of the Legislative Budget Board LBB?
Members
| Office | Office Holder | Hometown / Term Ends |
|---|---|---|
| Rep. Armando L. Walle | Houston | |
| Chair, House Appropriations Committee | Rep. Greg Bonnen, M. D. | Friendswood |
| Chair, House Ways and Means Committee | Rep. Morgan Meyer | Dallas |
| Chair, Senate Finance Committee | Sen. Jane Nelson | Flower Mound |
Why must Texas Legislature maintain a balanced budget?
Why must the Texas legislature maintain a balanced budget? It is required by the Texas Constitution. Which is the single largest source of tax revenue for the state of Texas? Texas is known as a high tax state; because of this, it is a good place to do business.
In what year was the Legislative Budget Board created?
1949
The Legislative Budget Board (LBB) was created in 1949 by Senate Bill 387 passed by the Legislature that same year.
What is the purpose of a rainy day fund quizlet?
the “Rainy Day Fund” was created to serve as “savings” account and to assist in stabilizing revenues during periods of economic recession.
What type of Legislature is Texas classified as quizlet?
The Texas Legislature is bicameral with a 31 member Senate and a 150 member House of Representatives.
Which of the following is true of the role of the Legislative Budget Board LBB in the budgeting process in Texas?
Which of the following is true of the role of the Legislative Budget Board (LBB) in the budgeting process in Texas? The budget document provided by the LBB is modified by committees of the house and the senate before it is submitted.
What is GAA budget?
The GAA is the most comprehensive source of appropriation cover for the budget of the government. It contains provisions for the agencies as well as for Special Purpose Funds (SPFs) that are used for specific purposes. Agency appropriations are itemized by program, activity, and project.
How does the Texas Constitution shape the budget?
The Texas Constitution mandates a balance budget (Article 3, Section 49). If the Comptroller cannot certify the appropriations bill, then the Texas Legislature has the option to vote on allowing the state to go in to debt by a 4/5ths vote from each chamber.