LEGISLATIVE BUDGET BOARD
Austin, Texas
 
CRIMINAL JUSTICE IMPACT STATEMENT
 
78TH LEGISLATIVE REGULAR SESSION
 
May 13, 2003

TO:
Honorable Kenny Marchant, Chair, House Committee on State Affairs
 
FROM:
John Keel, Director, Legislative Budget Board
 
IN RE:
SB1059 by Ellis, Rodney (Relating to corporate ethics and integrity; providing penalties.), As Engrossed

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. 



Source Agencies:
LBB Staff:
JK, GG