Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB3921 by Parker (Relating to the financial exploitation of certain vulnerable adults.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Finance Code and the Securities Act relating to the financial exploitation of certain vulnerable adults. The Department of Family and Protective Services indicates it could absorb the costs associated with the bill within its current resources.
The bill would take effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.