Honorable Chris Turner, Chair, House Committee on Business & Industry
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB1059 by Stephenson (relating to a seller’s disclosure of the location of certain real property in a floodplain.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would amend the Property Code relating to a seller's disclosure of the location of certain real property in a floodplain. Based on information provided by the Texas Real Estate Commission, this analysis anticipates no fiscal implication to the State.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.