LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION

March 11, 2011

TO:	Honorable Joe Deshotel, Chair, House Committee on Business & Industry
FROM:	John S O'Brien, Director, Legislative Budget Board
IN RE:	HB1428 by Deshotel (Relating to trust fund protection for retainage for the benefit of certain claimants under a construction loan or financing agreement.), As Introduced

No fiscal implication to the State is anticipated.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

329 Real Estate Commission, 450 Department of Savings and Mortgage Lending, 451 Department of Banking

LBB Staff:

JOB, AG, SD