LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

February 28, 2005

TO:	Honorable Joe Nixon, Chair, House Committee on Civil Practices
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HB371 by Farabee (Relating to liquidated damages for failure to timely provide an annual accounting statement required in connection with certain conveyances of real property.), As Introduced

No fiscal implication to the State is anticipated.

The bill would take effect immediately upon receiving a two-thirds majority bote in each house.  If the bill does not receive a two-thirds vote in each house, the bill would take effect September 1, 2005.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

329 Real Estate Commission

LBB Staff:

JOB, LB, MW, NV