LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION May 5, 2009 TO: Honorable David Dewhurst, Lieutenant Governor, Senate FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1442 by Fraser (Relating to business entities and associations. ), As Passed 2nd House No significant fiscal implication to the State is anticipated. The bill would amend parts of the Business Organizations Code, Business & Commerce Code, Texas Professional Association Act, and Texas Revised Limited Partnership Act. The bill would repeal Section 2.006 of the Business Organizations Code regarding permissible purposes of for-profit corporations related to railroads. The bill would be effective September 1, 2009. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 307 Secretary of State LBB Staff: JOB, SD, JRO, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
May 5, 2009
TO: Honorable David Dewhurst, Lieutenant Governor, Senate FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1442 by Fraser (Relating to business entities and associations. ), As Passed 2nd House
TO: Honorable David Dewhurst, Lieutenant Governor, Senate
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB1442 by Fraser (Relating to business entities and associations. ), As Passed 2nd House
Honorable David Dewhurst, Lieutenant Governor, Senate
Honorable David Dewhurst, Lieutenant Governor, Senate
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB1442 by Fraser (Relating to business entities and associations. ), As Passed 2nd House
SB1442 by Fraser (Relating to business entities and associations. ), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend parts of the Business Organizations Code, Business & Commerce Code, Texas Professional Association Act, and Texas Revised Limited Partnership Act. The bill would repeal Section 2.006 of the Business Organizations Code regarding permissible purposes of for-profit corporations related to railroads. The bill would be effective September 1, 2009.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 307 Secretary of State
304 Comptroller of Public Accounts, 307 Secretary of State
LBB Staff: JOB, SD, JRO, BTA
JOB, SD, JRO, BTA