LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 2, 2009 TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB173 by Homer (Relating to the election of the commissioner of insurance.), As Introduced No significant fiscal implication to the State is anticipated. The bill would create a new elected statewide officer, the Commissioner of Insurance. The office would first appear on the ballot on November 4, 2008, for a two-year term beginning on January 1, 2009. Thereafter the office would serve a four-year term. Based on the analysis by the Secretary of State, the new office would generate $11,250 gain to General Revenue from new filing fees in 2010. Based on the analysis by the Texas Department of Insurance, the bill would have no fiscal impact on the agency. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:307 Secretary of State, 454 Department of Insurance LBB Staff: JOB, KJG, MW, CH
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 2, 2009
TO: Honorable John T. Smithee, Chair, House Committee on Insurance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB173 by Homer (Relating to the election of the commissioner of insurance.), As Introduced
TO: Honorable John T. Smithee, Chair, House Committee on Insurance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB173 by Homer (Relating to the election of the commissioner of insurance.), As Introduced
Honorable John T. Smithee, Chair, House Committee on Insurance
Honorable John T. Smithee, Chair, House Committee on Insurance
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB173 by Homer (Relating to the election of the commissioner of insurance.), As Introduced
HB173 by Homer (Relating to the election of the commissioner of insurance.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would create a new elected statewide officer, the Commissioner of Insurance. The office would first appear on the ballot on November 4, 2008, for a two-year term beginning on January 1, 2009. Thereafter the office would serve a four-year term. Based on the analysis by the Secretary of State, the new office would generate $11,250 gain to General Revenue from new filing fees in 2010. Based on the analysis by the Texas Department of Insurance, the bill would have no fiscal impact on the agency.
The bill would create a new elected statewide officer, the Commissioner of Insurance. The office would first appear on the ballot on November 4, 2008, for a two-year term beginning on January 1, 2009. Thereafter the office would serve a four-year term.
Based on the analysis by the Secretary of State, the new office would generate $11,250 gain to General Revenue from new filing fees in 2010.
Based on the analysis by the Texas Department of Insurance, the bill would have no fiscal impact on the agency.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 307 Secretary of State, 454 Department of Insurance
307 Secretary of State, 454 Department of Insurance
LBB Staff: JOB, KJG, MW, CH
JOB, KJG, MW, CH