LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

March 28, 2005

TO:	Honorable Helen Giddings, Chair, House Committee on Business & Industry
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	HB1620 by Alonzo (Relating to the award of attorney's fees in an action against an officer or director of a nonprofit corporation.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would explicitly permit the recovery of attorney's fees to a person who prevails in an action against an officer or director of either a for-profit corporation and a non-profit corporation. 

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

212 Office of Court Administration, Texas Judicial Council

LBB Staff:

JOB, JRO, WP, LB