Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB534 by Anchia (Relating to the liability of certain guarantors under a residential lease.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Property Code and provide that a person, other than a tenant who cosigns or guarantees a lease, is liable only for the original lease term. It is assumed that any costs associated with implementation of the bill could be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.