Honorable Kenny Marchant, Chair, House Committee on State Affairs
FROM:
John Keel, Director, Legislative Budget Board
IN RE:
HB2550 by Nixon (Relating to governmental contingent fee contracts for legal services entered by a local governmental entity.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would set out procedures related to a local governmental entity entering into a contingent fee contract. The bill would take effect September 1, 2003 and would apply only to a contingency fee contract entered into by a local government entity on or after that date.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.