LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

March 23, 2009

TO:	Honorable Todd Hunter, Chair, House Committee on Judiciary & Civil Jurisprudence
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	HB2416 by Leibowitz (Relating to attorney general participation in proceedings involving charitable trusts.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Property Code and provide that the Office of the Attorney General (OAG)may bring a lawsuit against a charitable entity for breach of fiduciary duty. The OAG indicates that any costs associated with implementation of the bill could be absorbed within existing state resources.

Local Government Impact

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

Source Agencies:

302 Office of the Attorney General

LBB Staff:

JOB, JM, MN