TO: | Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB825 by Ellis (Relating to the designation of certain areas as banking development districts to encourage the establishment of financial institution branches in those areas.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | $0 |
2011 | $0 |
2012 | $0 |
2013 | $0 |
2014 | $0 |
Fiscal Year | Probable Savings/(Cost) from General Revenue Fund 1 |
Probable Revenue Gain from General Revenue Fund 1 |
Change in Number of State Employees from FY 2009 |
---|---|---|---|
2010 | ($61,805) | $61,805 | 1.0 |
2011 | ($60,830) | $60,830 | 1.0 |
2012 | ($60,830) | $60,830 | 1.0 |
2013 | ($60,830) | $60,830 | 1.0 |
2014 | ($61,805) | $61,805 | 1.0 |
The bill would amend the Finance Code by adding Chapter 279, Banking Development Districts, and would allow for the establishment of financial institution branches in areas in need of banking services. The Finance Commission would adopt certain rules regarding the criteria for the designation of banking development districts and review applications for participation.
The bill would take effect September 1, 2009, and the Finance Commission would be required to adopt rules no later than January 1, 2010.
Source Agencies: | 301 Office of the Governor, 304 Comptroller of Public Accounts, 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 469 Credit Union Department, 466 Office of Consumer Credit Commissioner
|
LBB Staff: | JOB, ACa, TP, JRO, MW
|