LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

May 15, 2019

TO:	Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:	John McGeady, Assistant Director     Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:	HB3603 by Martinez Fischer (Relating to derivative proceedings on behalf of for-profit corporations, limited liability companies, and limited partnerships.), As Engrossed

No significant fiscal implication to the State is anticipated.

Based on analysis by the Secretary of State, it is assumed that the provisions of the bill relating to derivative proceedings could be absorbed using existing resources.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

307 Secretary of State

LBB Staff:

WP, CLo, SLE, NV, JMO