Honorable Joe Straus, Speaker of the House, House of Representatives
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB1859 by Simmons (Relating to certain rental-purchase agreements. ), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
The bill would amend the Business and Commerce Code by requiring additional disclosures to consumers related to the display of merchandise available for lease under a rental-purchase agreement or offered at a place of business that derives at least 50 percent of its revenue from rental-purchase agreements. The Office of the Attorney General anticipates any additional work resulting from the passage of the bill could be reasonable absorbed within current resources.
The bill would go in to effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.