LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
 
April 13, 2011

TO:
Honorable Joe Deshotel, Chair, House Committee on Business & Industry
 
FROM:
John S O'Brien, Director, Legislative Budget Board
 
IN RE:
HB972 by Hartnett (Relating to the cancellation of travel club membership agreements; providing a civil penalty.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

The bill would amend the Business and Commerce Code related to a travel club membership and provides that a purchaser of a travel club membership may cancel the agreement not later than midnight of the fifth business day after the date the agreement was signed by the purchaser and requires the seller to provide the purchaser with a copy of the agreement. It is anticipated that any additional costs associated with implementation of the legislation could be absorbed within existing 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, AG, JM