Honorable Ken King, Chair, House Committee on State Affairs
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4852 by Oliverson (Relating to examination of the records of filing entities and foreign filing entities by the attorney general; creating a criminal offense.), As Introduced
The fiscal implications of the bill cannot be determined due to the unknown number of cases that may be filed as a result of the criminal offense created by the bill.
The bill would allow the Office of the Attorney General (OAG) to to require a sworn written statement or report from a filing entity to determine if the entity is in violation of state or federal law. The bill would establish a criminal offense for intentionally removing, concealing, withholding, destroying, mutilating, altering, or falsifying a record to avoid compliance with Subchapter B, Chapter 12, Business Organizations Code.
The fiscal impact to the state court system cannot be determined due to an unknown number of filings pursuant to the misdemeanor created by the bill.
It is assumed that any impact on state correctional populations or on the demand for state correctional resources would not be significant.
It is assumed any legal, investigative, or administrative work as a result of the bill could be absorbed by the OAG using existing resources.
Local Government Impact
It is assumed that any fiscal impact to units of local government associated with enforcement, prosecution, supervision, or confinement would not be significant.
Source Agencies:
212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General