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The Texas Legislative Budget Board (LBB) - there are 5 members of the house and 5 for the senate that serve on the LBB. This includes the Speaker and the Lieutenant Governor (who is the presiding officer of the Senate). They each serve for 2 year terms, except the Lieutenant Governor, who serves for 4 years. The LBB's primary responsibility is to create the initial bienniel budget that Congress then debates, ammends, and enacts. They also meet while Congress is out of session and share "budget execution authority" with the governor. This means that they get to move money around, regardless of what allocations were set in the biennial budget. The justification for the LBB having this authority is that, in the case of an emergency or any other new development, Congress cannot address budget issues while out of session unless a special session is called. Calling a special session every time something new comes up in a period of about a year and half would be inefficient. However, it should be noted that the LBB is a board that was formed by Congress and is made up of Congress members. This means that they only have budget execution authority because Congress allows them to, and that Congress can absolve the LBB at any time if they want to.
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Who draws the national budget?
the legislative budget board and the officer of budget planning
Who draws up the national budget?
the legislative budget board and the officer of budget planning
Who draw up the Texas budget?
The Legislative Budget Board and the Office of Budget Planning.
Who draws up the budget?
the legislative budget board and the officer of budget planning
Who is the prominent among actors in the Texas budgetary process include?
The Legislative Budget Board The governor Administrative agencies
What is the role of the legislative branch in the budget?
The Executive branch drafts the budget and the Legislative branch approves it or makes changes to it.
Who chairs the meetings of the IMF executive board?
The managing director of the IMF chairs meetings of the executive board after appointment.
What is the responsibility of the LBB?
The Legislative Budget Board, LBB, has many responsibilities. One responsibility is to adopt constitutional spending limits for each fiscal year.
Who must approve the US budget?
Its the legislative branch.
What is the budget of Board of Studies?
The budget of Board of Studies is 110,000,000 dollars.
What legislative duties are considered part of legislative oversight of governors?
Budget approval
What was the Production Budget for Chairman of the Board?
The Production Budget for Chairman of the Board was $7,000,000.
