LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 80TH LEGISLATIVE REGULAR SESSION

April 16, 2007

TO:	Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	SB1365 by Williams (Relating to the regulation of staff leasing services.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Labor Code relating to the regulation of staff leasing services to change the existing measure of licensee financial strength from net worth to working capital; modify the application requirements for the registration of staff leasing services; and authorize the Department of Licensing and Regulation (TDLR) to license staff leasing services groups.

 

Based on information provided by TDLR, it is assumed that costs related to the duties and responsibilities associated with implementing the provisions of the bill could be covered by utilizing existing resources.

 

The bill would take effect September 1, 2007.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

452 Department of Licensing and Regulation

LBB Staff:

JOB, JRO, AH