LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 4, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1109 by Anchia (Relating to late fees under a residential lease.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Property Code to clarify that a landlord may not impose a late fee until the rent has remained unpaid one full day after the date it was due. It is assumed that any additional costs associated with the implementation of the bill could be absorbed within existing state resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:302 Office of the Attorney General LBB Staff: JOB, JRO, KJG, JM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 4, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB1109 by Anchia (Relating to late fees under a residential lease.), As Engrossed
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB1109 by Anchia (Relating to late fees under a residential lease.), As Engrossed
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB1109 by Anchia (Relating to late fees under a residential lease.), As Engrossed
HB1109 by Anchia (Relating to late fees under a residential lease.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Property Code to clarify that a landlord may not impose a late fee until the rent has remained unpaid one full day after the date it was due. It is assumed that any additional costs associated with the implementation of the bill could be absorbed within existing state resources.
The bill would amend the Property Code to clarify that a landlord may not impose a late fee until the rent has remained unpaid one full day after the date it was due. It is assumed that any additional costs associated with the implementation of the bill could be absorbed within existing state resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 302 Office of the Attorney General
302 Office of the Attorney General
LBB Staff: JOB, JRO, KJG, JM
JOB, JRO, KJG, JM