LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 8, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1427 by Williams ( Relating to the regulation of staff leasing services.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend Section 91.001 of the Labor Code to establish definitions of and requirements for working capital for the purposes of license applications of assurance organizations. The bill would also establish electronic filing guidelines. The Texas Department of Licensing and Regulation would be required to adopt rules to implement the provisions of the bill. The Texas Department of Licensing and Regulation anticipates that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:452 Department of Licensing and Regulation LBB Staff: JOB, JRO, ES
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 8, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1427 by Williams ( Relating to the regulation of staff leasing services.), Committee Report 1st House, Substituted
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB1427 by Williams ( Relating to the regulation of staff leasing services.), Committee Report 1st House, Substituted
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
SB1427 by Williams ( Relating to the regulation of staff leasing services.), Committee Report 1st House, Substituted
SB1427 by Williams ( Relating to the regulation of staff leasing services.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Section 91.001 of the Labor Code to establish definitions of and requirements for working capital for the purposes of license applications of assurance organizations. The bill would also establish electronic filing guidelines. The Texas Department of Licensing and Regulation would be required to adopt rules to implement the provisions of the bill. The Texas Department of Licensing and Regulation anticipates that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
The bill would amend Section 91.001 of the Labor Code to establish definitions of and requirements for working capital for the purposes of license applications of assurance organizations. The bill would also establish electronic filing guidelines. The Texas Department of Licensing and Regulation would be required to adopt rules to implement the provisions of the bill.
The Texas Department of Licensing and Regulation anticipates that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 452 Department of Licensing and Regulation
452 Department of Licensing and Regulation
LBB Staff: JOB, JRO, ES
JOB, JRO, ES