LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION

April 1, 2011

TO:	Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM:	John S O'Brien, Director, Legislative Budget Board
IN RE:	SB1281 by Watson (Relating to certain violations of and offenses under The Securities Act; providing penalties.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Securities Act relating to certain violations and offenses.

Based on the information provided by the Securities Board, Office of the Attorney General and Comptroller of Public Accounts, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.

Local Government Impact

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

Source Agencies:

304 Comptroller of Public Accounts, 302 Office of the Attorney General, 312 Securities Board

LBB Staff:

JOB, CWS, AG, ADM