Honorable Senfronia Thompson, Chair, House Committee on Licensing & Administrative Procedures
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB2376 by Kuempel (relating to the repeal of the real estate inspection recovery fund.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
Based on information provided by the Texas Real Estate Commission and the Comptroller of Public Accounts, any costs associated with the implementation of the bill could be absorbed within existing resources.
This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either within or outside of the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
304 Comptroller of Public Accounts, 329 Real Estate Commission