This website will be unavailable from Thursday, May 30, 2024 at 6:00 p.m. through Monday, June 3, 2024 at 7:00 a.m. due to data center maintenance.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 5, 2021
TO:
Honorable Chris Turner, Chair, House Committee on Business & Industry
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB876 by Craddick (Relating to fees charged by certain persons for the method used for payments made under an agreement.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill amends the Business & Commerce Code to prohibit a person or legal entity making a payment under an agreement to charge a fee to the payee because the payee elects to receive the payment via paper check instead of via any form of electronic funds transfer.
Any contract provision permitting such a fee is void and unenforceable.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.