Honorable Joe Nixon, Chair, House Committee on Civil Practices
FROM:
John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:
HB490 by Deshotel (Relating to enforcement of certain provisions in construction contracts.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Civil Practice and Remedies Code as it relates to the enforcement of certain provisions in construction contracts. The Texas Department of Insurance reports there may be a slight increase in filings as insurers amend their policies and endorsements to comply with the act, but the costs could be reasonably absorbed using current agency resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
359 Office of Public Insurance Counsel, 454 Department of Insurance