LEGISLATIVE BUDGET BOARD
Austin, Texas

FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION


May 8, 2023

TO:	Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce

FROM:	Jerry McGinty, Director, Legislative Budget Board

IN RE:	HB1040 by Paul (Relating to the authority of entities regulated by the Texas Department of Insurance to conduct business electronically.), As Engrossed

No significant fiscal implication to the State is anticipated.

Based on the analysis of the Comptroller of Public Accounts and the Department of Insurance, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts, 454 Department of Insurance

LBB Staff:

JMc, SZ, AAL, GDZ, LBl