LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 86TH LEGISLATIVE REGULAR SESSION

April 22, 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:	SB1859 by Hancock (Relating to business entities.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

Based on analysis by the Secretary of State, is assumed that the provisions of the bill relating to delayed effective conditions and business filings 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, JMO, CLo, NV