Honorable Tryon D. Lewis, Chair, House Committee on Judiciary & Civil Jurisprudence
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB658 by Sheets (Relating to interest on damages subject to Medicare subrogation.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Civil Practice and Remedies Code to specify that interest does not accrue on unpaid balances of certain damages awards. The Office of Court Administration reports that the bill would not have a fiscal impact to the court system. The Health and Human Services Commission indicates the bill will not have a fiscal impact to the agency. The change in law would apply only to an award of damages made after the bill's effective date. The bill would take effect September 1, 2013.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
212 Office of Court Administration, Texas Judicial Council, 529 Health and Human Services Commission