TO: | Honorable Abel Herrero, Chair, House Committee on Criminal Jurisprudence |
FROM: | Ursula Parks, Director, Legislative Budget Board |
IN RE: | HB653 by Lozano (Relating to the prosecution of money laundering involving the proceeds of the offense of possession of a gambling device or gambling equipment or paraphernalia.), As Introduced |
The bill would amend the Penal Code to add the offense of possession of certain gambling devices, equipment, or paraphernalia under the definition of criminal activity as it relates to the offense of money laundering. The offense of money laundering is currently punishable at various felony levels depending on the amount of money laundered. This analysis assumes the provisions of the bill would not result in a significant impact on state correctional agencies.
Source Agencies: |
LBB Staff: | UP, KJo, LM, ESi, EK
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