LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

May 14, 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:	HB3815 by Morrison (Relating to a seller's disclosure notice for residential property regarding floodplains, flood pools, floodways, or reservoirs.), As Engrossed

No fiscal implication to the State is anticipated.

The bill would amend the Property Code to require certain additional information on existing real estate disclosures from sellers of real estate.  The additional information relates to flood plains, flood pools, or reservoirs.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

LBB Staff:

WP, CLo, SD, GP