LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

April 5, 2009

TO:	Honorable Burt R. Solomons, Chair, House Committee on State Affairs
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	HB3820 by Swinford (Relating to the governance and disclosure requirements of electric cooperative corporations and the review of complaints of electric cooperative corporation members by the Office of the Attorney General.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Utilities Code relating to the governance and disclosure requirements of electric cooperative corporations and the review of related complaints. The Office of Attorney General (OAG) may file suit to restrain or prevent violations, however, the suit must be filed no later than one year after the date on which the member filed the complaint with the OAG. If the OAG prevails in a lawsuit against an electric cooperative, it may recover its reasonable expenses, court costs investigative costs, and attorneys fees.

The OAG anticipates any legal work resulting from the passage of this bill could be reasonably absorbed with current 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, KJG, DB