The provision of the bill that is the subject of this analysis would amend the Texas Miscellaneous Corporation Laws Act by making a false financial report regarding the financial condition or results of operation by a corporate official punishable as a state jail felony.  

A state jail felony is punishable by confinement in a state jail for any term of not more than two years or less than 180 days, or, in addition to confinement, a fine not to exceed $10,000.

It is assumed that the additional number of offenders convicted under this statute would not result in a significant impact on the programs and workload of state corrections agencies or on the demand for resources and services of those agencies.