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H 426

APPROPRIATIONS – STATE CONTROLLER – Relates to the appropriation to the Office of the State Controller for fiscal year 2026.

68th Legislature, 1st Regular Session (2025)

House Bill 426 allocates $40.47 million to the State Controller for FY 2026, enhancing accountability and funding key personnel for improved financial oversight.

Reported Signed by Governor on April 2, 2025 Session Law Chapter 263 Effective: 04/02/2025 SECTION 5; 07/01/2025 SECTION 1-4 & 6
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Bill Summary · H 426

Summary of House Bill 426: Appropriations to the Office of the State Controller

Bill Overview

  • Bill Number: H 426
  • Title: Appropriations – State Controller
  • Introduced: March 20, 2025
  • Status: Signed by Governor on April 2, 2025 (Session Law Chapter 263)
  • Effective Dates:
    • Section 5: April 2, 2025
    • Sections 1-4 & 6: July 1, 2025

Purpose and Intent

House Bill 426 aims to appropriate funds to the Office of the State Controller for fiscal year 2026. The bill seeks to enhance accountability and transparency in the operations of the State Controller's office, particularly in relation to the Luma project, which is a significant initiative within the office.

Key Provisions

  1. Total Appropriation: The bill appropriates a total of $40.47 million for FY 2026, which is a 40% reduction from the office's FY 2024 expenditures of approximately $67 million.

  2. Funding Breakdown:

    • The appropriation includes $15.243 million in additional funding for maintenance and operational costs.
    • Specific allocations include:
      • 7.00 Full-Time Equivalent Positions (FTEs) for Luma personnel and operating costs.
      • 2.00 FTEs for financial specialists.
      • 1.00 FTE for a communications manager.
      • Funding for Computer Service Center charges related to Luma.

  3. Indirect Cost Recovery: The bill establishes that funds assessed for the Office of the State Controller's services will be placed in the Indirect Cost Recovery Fund, with a mandate to transfer these funds to the General Fund by June 30, 2026.

  4. Accounting Corrections: It authorizes the State Controller to make necessary accounting adjustments to correct a $1,074,400 error in the Division of Veterans Services, ensuring accurate financial reporting.

  5. Conditions and Limitations: The appropriations are subject to specific conditions and limitations as outlined in the bill.

Impact

  • Affected Entities: The primary entity affected by this bill is the Office of the State Controller, which will receive the appropriated funds to support its operations and initiatives.
  • Personnel Changes: The increase in authorized FTEs will allow the office to better manage its responsibilities and enhance service delivery.
  • Financial Management: The bill aims to improve financial oversight and accountability within the state government, particularly concerning the management of funds related to the Luma project and other operational needs.

Procedural Aspects

  • The bill underwent several legislative actions, including readings, committee recommendations, and votes in both the House and Senate before being signed into law by the Governor.
  • The effective dates of the various sections of the bill are staggered, with some provisions taking effect immediately upon signing and others beginning on July 1, 2025.

This summary provides a comprehensive overview of House Bill 426, detailing its purpose, key provisions, and the anticipated impact on the Office of the State Controller and state financial management practices.

Compiled from official sources — confirm details with the bill’s official record.

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