LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
 
April 7, 2017

TO:
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
SB1518 by Hancock (Relating to corporations, associations, real estate investment trusts, and related entities; authorizing fees.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

The bill would amend the Business Organizations Code relating to corporations, associations, real estate investment trusts, and related entities; authorizing fees.

The Secretary of State and Comptroller of Public Accounts assume any additional work associated with implementing the provisions of the bill could be absorbed 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.


Source Agencies:
307 Secretary of State, 304 Comptroller of Public Accounts
LBB Staff:
UP, ASa, CL, NV