Honorable John Whitmire, Chair, Senate Committee on Criminal Justice
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
SB1151 by Whitmire (Relating to the authority of corporations to act as sureties on bail bonds.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
The bill would create a minimum premium that a defendant must pay to a corporation before the corporation or its agent may execute a bail bond for the defendant.
Local Government Impact
There may be costs to units of local government that detain defendants to the extent that some defendants remain in detention due to the minimum premium.