Honorable Jim Murphy, Chair, House Committee on Pensions, Investments & Financial Services
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB2458 by Capriglione (relating to the operation and administration of the Texas Bullion Depository.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend various sections of the Finance and Government Codes relating to the operation and administration of the Texas Bullion Depository.
The Comptroller indicates the bill would have no significant fiscal impact on the state.
The bill would take effect immediately upon enactment, assuming it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2019.
Local Government Impact
No fiscal implication to units of local government is anticipated.