Honorable Oscar Longoria, Chair, House Committee on Business & Industry
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB1864 by Slawson (relating to the beneficiaries of trust funds paid or received in connection with an improvement on specific real property.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would amend the Property Code relating to the beneficiaries of trust funds paid or received in connection with an improvement on specific real property.
According to the Office of the Attorney General, any additional work resulting from the provisions of the bill could be absorbed within current resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.