Honorable René Oliveira, Chair, House Committee on Business & Industry
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2674 by Uresti, Tomas (Relating to reporting requirements for certain nonprofit corporations regarding employee and officer salaries.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend the Business Organizations Code relating to reporting requirements for certain nonprofit corporations regarding employee and officer salaries.
Based on information provided by the Secretary of State, this analysis assumes any additional work associated with implementing the provisions of the bill could be absorbed by the agency using existing resources.
The bill would take effect on September 1, 2017.
Local Government Impact
No fiscal implication to units of local government is anticipated.