LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION

March 29, 2021

TO:	Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	SB1280 by Hancock (Relating to certain provisions of The Securities Act for which a person offering or selling a security may be held liable to a person buying the security.), As Introduced

No fiscal implication to the State is anticipated.

It is assumed that the costs associated with the bill's provisions relating to certain provisions of the Securities Act for which a person offering or selling a security may be held liable to a person buying the security could be absorbed using existing resources.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts, 312 Securities Board

LBB Staff:

JMc, SZ, MB, RRE