Honorable Oscar Longoria, Chair, House Committee on Business & Industry
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB3768 by Bucy (Relating to the formation of decentralized unincorporated associations and the use of distributed ledger or blockchain technology for certain business purposes; authorizing a fee.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Business Organization Code relating to the formation of decentralized unincorporated associations and the use of distributed ledger or blockchain technology for certain business purposes.
According to the Office of the Attorney General and the Secretary of State, no significant fiscal implications are anticipated from the provisions of the bill.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
302 Office of the Attorney General, 304 Comptroller of Public Accounts, 307 Secretary of State