Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB1514 by Schwertner (Relating to business entities and nonprofit entities.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Business & Commerce Code and several provisions of the Business Organizations Code relating to business entities and nonprofit entities.
According to the Office of the Attorney General, 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.