Honorable René Oliveira, Chair, House Committee on Business & Industry
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB1313 by Watson (Relating to the names of certain businesses.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend the Business Organizations Code to regulate certain business to have distinguishable names.
The Secretary of State indicates that any costs associated with the bill could be absorbed within the agency's existing resources.
The bill would take effect immediately upon receiving a two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2015.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.