LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION

April 16, 2023

TO:	Honorable Oscar Longoria, Chair, House Committee on Business & Industry
FROM:	Jerry McGinty, Director, Legislative Budget Board
IN RE:	HB4389 by Cole (Relating to the funding mechanism for the regulation of workers' compensation and workers' compensation insurance; authorizing surcharges.), As Introduced

No significant fiscal implication to the State is anticipated.

Based on the analysis of the Comptroller of Public Accounts and the Department of Insurance, any duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing agency resources.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

304 Comptroller of Public Accounts, 454 Department of Insurance

LBB Staff:

JMc, SZ, LBl