Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB1712 by Perry (relating to the purchase, sale, or lease of real property on behalf of a limited partnership or a limited liability company.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
Based on the analysis of the Real Estate Commission, 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.