According to the Legislative Budget Board (LBB), HB 2703 would have no significant fiscal implications for the State. The fiscal note assumes that any costs associated with designating July as American Patriotism Month could be absorbed using existing resources.

The bill does not create a new state agency, fund, grant program, tax, fee, penalty, or dedicated appropriation. Its fiscal effect is limited to any administrative or ceremonial activity associated with recognizing the commemorative month, and the LBB does not identify any need for additional state appropriations or staffing.

For local governments, the LBB likewise anticipates no significant fiscal implications. The bill does not impose a mandatory local program or require local expenditures, so any local participation in ceremonies or activities would not appear to create a material fiscal burden under the fiscal note.

HB 2703 is a ceremonial designation bill that establishes July as American Patriotism Month. The bill does not create a new agency, program, appropriation, tax, fee, penalty, regulatory requirement, or enforcement mechanism. It also does not expressly grant additional rulemaking authority to any state officer, institution, or agency.

As such, Texas Policy Research remains NEUTRAL on HB 2703 because the bill has little practical effect on the core liberty principles used for evaluation. It does not materially expand or restrict individual liberty, alter personal responsibility incentives, affect free enterprise, burden private property rights, or create meaningful government growth. Any fiscal effect is also minimal, as the LBB anticipates no significant fiscal implications to the state or to local governments.