Honorable Joe Straus, Speaker of the House, House of Representatives
Ursula Parks, Director, Legislative Budget Board
HB1221 by Lucio III (Relating to seller's disclosures in connection with residential real property subject to groundwater regulation.), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
The bill would amend the Property Code relating to seller's disclosures in connection with residential real property subject to groundwater regulation.
Based on information provided by the Water Development Board, it is assumed that all duties and responsibilities necessary to implement the provisions of the bill could be accomplished within existing staff and resources.
Based on information provided by the Real Estate Commission, the bill would have no fiscal impact to the state.
Local Government Impact
No fiscal implication to units of local government is anticipated.
329 Real Estate Commission, 580 Water Development Board