Honorable Joan Huffman, Chair, Senate Committee on State Affairs
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1539 by Meyer (Relating to increasing the criminal penalties in certain circumstances for insider trading and other misuse of official information by public servants.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Penal Code by enhancing the punishment for the offense of misuse of official information by a public servant. Under the provisions of the bill, misuse of official information would be punishable at certain felony degrees, with the punishment degree based on the specifics of the offense. This analysis assumes implementing the provisions of the bill would not result in a significant impact on state correctional agencies.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.