Honorable Ray Allen, Chair, House Committee on Corrections
FROM:
John Keel, Director, Legislative Budget Board
IN RE:
HB2892 by Allen (Relating to a person knowingly bartering or expending funds derived from the commission of an offense, providing penalties.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Health and Safety Code by including in the offense of illegal expenditure or investment the expenditure of funds or bartering of property the person knows are derived from the commission of an offense.The offense of illegal expenditure or investment is punishable as a felony of the first degree.The provisions proposed in the bill would be punishable as a felony of the second degree.The Texas Commission on Alcohol and Drug Abuse anticipates no significant fiscal implication to the State from the provisions of the bill.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.