LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session March 1, 1995 TO: Honorable Rene O. Oliveira, Chair IN RE: House Bill No. 427 Committee on Economic Development By: Bosse House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 427 (Relating to the exclusion from coverage under the Texas Unemployment Compensation Act of services performed by certain securities representatives.) this office has determined the following: The bill would add a new section to the Labor Code to exclude services performed by certain securities representatives from the definition of employment that is covered under the Texas Unemployment Compensation Act. Securities representatives that meet the criteria of the new section would not be eligible to receive unemployment insurance benefits. No significant fiscal implication to the State or units of local government is anticipated. Source: Texas Employment Commission LBB Staff: JK, CG, RR