LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
April 24, 1995
TO: Honorable Ken Armbrister, Chair IN RE: Senate Bill No. 634
Committee on State Affairs By: Wentworth
Senate
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on Senate Bill No.
634 (Relating to the regulation of real estate appraisers.) this
office has determined the following:
The bill would make no appropriation but could provide the legal
basis for an appropriation of funds to implement the provisions
of the bill.
The bill would amend the Texas Appraiser Licensing and
Certification Act to include as a purpose of the Act the
protection of the public and to redefine "appraisal" by removing
references to federally-related transactions. The bill would
also ensure that the state appraiser certification and licensing
program conforms to guidelines of the Appraiser Qualifications
Board of the Appraisal Foundation. The TALCB would be required
to validate evidence of education and experience submitted by an
applicant by sampling at least 30 percent of the applications
received.
The probable fiscal implication of implementing the provisions of
the bill during each of the first five years following passage
is estimated as follows:
Fiscal Probable Cost Out Change in
Year of General Number of State
Revenue Fund 001 Employees from
FY 1995
1996 $55,836 1.0
1997 48,536 1.0
1998 48,536 1.0
1999 48,536 1.0
2000 48,536 1.0
Similar annual fiscal implications would continue as long as the
provisions of the bill are in effect.
No fiscal implication to units of local government is
anticipated.
Source: Appraiser Licensing and Certification Board
LBB Staff: JK, RM, DF