LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 20, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB534 by Anchia (Relating to the liability of certain guarantors under a residential lease.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Property Code and provide that a person, other than a tenant who cosigns or guarantees a lease, is liable only for the original lease term. It is assumed that any costs associated with implementation of the bill could be absorbed within existing 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, JM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 20, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB534 by Anchia (Relating to the liability of certain guarantors 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: HB534 by Anchia (Relating to the liability of certain guarantors 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
HB534 by Anchia (Relating to the liability of certain guarantors under a residential lease.), As Engrossed
HB534 by Anchia (Relating to the liability of certain guarantors 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 and provide that a person, other than a tenant who cosigns or guarantees a lease, is liable only for the original lease term. It is assumed that any costs associated with implementation of the bill could be absorbed within existing 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, JM
JOB, JRO, JM