Honorable Dade Phelan, Speaker of the House, House of Representatives
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB654 by Lucio III (Relating to the rule against perpetuities.), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
It is assumed that the costs associated with the bill's provisions relating to the rule against perpetuities could be absorbed using existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.