LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION

April 9, 2015

TO:	Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB3132 by Parker (Relating to eligibility requirements to act as a financial adviser or investment adviser in relation to certain public securities.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

The bill would amend the Government Code to modify the registration requirements of an individual to be eligible to a be a financial adviser or an investment adviser. 

Local Government Impact

The Texas Municipal League reported no fiscal impact to municipalities is anticipated.

Source Agencies:

312 Securities Board

LBB Staff:

UP, CL, SD, EK