Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
SB1142 by Watson (Relating to regulation of discount drug card program operators; authorizing administrative and civil penalties; authorizing fees; expanding a registration requirement.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Insurance Code relating to regulation of discount drug card program operators; authorizing administrative and civil penalties; authorizing fees; expanding a registration requirement.
Based on information provided by the Texas Department of Insurance, Employees Retirement System, University of Texas System Administration, Texas A&M University System Administration, and the Teacher Retirement System, it is assumed that all duties and responsibilities necessary to implement the provisions of the bill could be accomplished utilizing existing staff and resources.
The bill would take effect September 1, 2015, but a person is not required to register as a discount drug card program operator under Chapter 7001, Insurance Code, as amended by the bill, before January 1, 2016.
Local Government Impact
No fiscal implication to units of local government is anticipated.
323 Teacher Retirement System, 327 Employees Retirement System, 454 Department of Insurance, 720 The University of Texas System Administration, 710 Texas A&M University System Administrative and General Offices