LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

April 29, 2019

TO:	Honorable Dade Phelan, Chair, House Committee on State Affairs
FROM:	John McGeady, Assistant Director     Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:	HB1198 by Shine (relating to companies in which employees have ownership interests through employee stock ownership plans.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

It is assumed that the provisions of the bill relating to companies in which employees have ownership interests through employee stock ownership plans could be absorbed using existing resources.

Local Government Impact

According to the Texas Association of Counties, no significant fiscal implication to counties is anticipated.

Source Agencies:

300 Trusteed Programs Within the Office of the Governor, 304 Comptroller of Public Accounts

LBB Staff:

WP, JSm, CMa, NV, LCO, CW, AF