This bill mandates that the ballot for elections proposing amendments to the Texas Constitution must include an estimate of the fiscal impact of the proposed amendment. The bill amends Section 274.001 of the Election Code to add a new requirement for the Secretary of State to prepare a cost estimate statement for each proposed amendment. This statement will indicate whether the amendment incurs a recurring or one-time cost, as determined by the Legislative Budget Board, and will specify the estimated financial impact on the state.

Additionally, the bill modifies the certification process for proposed amendments by requiring the inclusion of the cost estimate statement alongside the wording of the proposition and its number. It also establishes a system for fiscal notes related to constitutional amendments, ensuring that the Legislative Budget Board assesses the estimated costs and informs the Secretary of State accordingly. The changes will apply to ballots for elections ordered after the bill's effective date, which is set for 91 days following the end of the legislative session.

Statutes affected:
Introduced: Election Code 274.001, Election Code 274.003, Government Code 314.001 (Election Code 274, Government Code 314)