LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 22, 1999
  
  
          TO:  Honorable Kim Brimer, Chair, House Committee on Business
               & Industry
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB2681  by Bosse (relating to adoption of the Texas
               Business Organizations Code; providing penalties),
               Committee Report 1st House, Substituted
  
**************************************************************************
*  Estimated Two-year Net Impact to General Revenue Related Funds for    *
*  HB2681, Committee Report 1st House, Substituted: No fiscal impact     *
*  through the biennium ending August 31, 2001.                          *
*                                                                        *
*  The bill would make no appropriation but could provide the legal      *
*  basis for an appropriation of funds to implement the provisions of    *
*  the bill.                                                             *
**************************************************************************
  
General Revenue-Related Funds, Five-Year Impact:
  
          ****************************************************
          *  Fiscal Year  Probable Net Positive/(Negative)   *
          *               Impact to General Revenue Related  *
          *                             Funds                *
          *       2002                           $1,174,450  *
          *       2003                            1,761,675  *
          *       2004                            1,761,675  *
          *       2005                            1,761,675  *
          *       2006                            1,761,675  *
          ****************************************************
  
All Funds, Five-Year Impact:
  
         *****************************************************
         * Fiscal Year    Probable Revenue Gain/(Loss) from   *
         *                      General Revenue Fund          *
         *                              0001                  *
         *      2002                               $1,174,450 *
         *      2003                                1,761,675 *
         *      2004                                1,761,675 *
         *      2005                                1,761,675 *
         *      2006                                1,761,675 *
         *****************************************************
  
Fiscal Analysis
  
The bill would revise filing fees currently applied to business entities.
According to the Secretary of State, many of the filing fees would
increase.
  
  
Methodology
  
The Secretary of State projects gains in General Revenue derived from fee
increases.  Based upon statistical reports it maintains on document
filings, the agency projects a gain of $1,174,450 in fiscal year 2002
and a gain of $1,761,675 in fiscal year 2003 and each subsequent year
from filing fees.  The effective date of the bill is January 1, 2002.
The fee provisions of the bill apply to all business entities on that
date.
  
  
Local Government Impact
  
No fiscal implication to units of local government is anticipated.
  
  
Source Agencies:   307   Secretary of State
LBB Staff:         JK, TH, PH, SG