TO: | Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB607 by Giddings (Relating to the delivery blank check forms; providing a civil penalty. ), Committee Report 2nd House, Substituted |
The Office of the Attorney General assumes the bill would generate new cases and lawsuits filed by the agency’s Financial Litigation Division, however, the agency indicates it could absorb any costs associated with implementing the provisions of the bill within its current resources.
The bill would take effect June 1, 2006.
Source Agencies: | 302 Office of the Attorney General, 451 Department of Banking
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LBB Staff: | JOB, JRO, MW, RB
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