LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION

March 4, 2013

TO:	Honorable René Oliveira, Chair, House Committee On Business & Industry
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB475 by Walle (Relating to required workers' compensation insurance coverage for building and construction contractors.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would amend the Labor Code relating to required workers' compensation insurance coverage for building and construction contracts. 

Based on information provided by the Texas Department of Insurance (TDI), it is assumed that any costs associated with the implementation of this bill would be absorbed within existing resources.

Local Government Impact

Costs to units of local government would vary depending on the number and cost of future
construction projects in a given locality.

Source Agencies:

454 Department of Insurance

LBB Staff:

UP, RB, MW, ER, KKR