LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 6, 2009 TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1647 by Averitt (Relating to the administration, operation, and regulation of credit unions.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Chapter 15, Credit Union Commission and Department, and Subtitle D, Credit Unions, of the Finance Code relating to the administration and operation of the Credit Union Department and regulation of the credit union industry. Based on the analysis of the Credit Union Department, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:450 Department of Savings and Mortgage Lending, 451 Department of Banking, 469 Credit Union Department LBB Staff: JOB, JRO, MW, ACa
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 6, 2009
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB1647 by Averitt (Relating to the administration, operation, and regulation of credit unions.), As Introduced
TO: Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB1647 by Averitt (Relating to the administration, operation, and regulation of credit unions.), As Introduced
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
SB1647 by Averitt (Relating to the administration, operation, and regulation of credit unions.), As Introduced
SB1647 by Averitt (Relating to the administration, operation, and regulation of credit unions.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 15, Credit Union Commission and Department, and Subtitle D, Credit Unions, of the Finance Code relating to the administration and operation of the Credit Union Department and regulation of the credit union industry. Based on the analysis of the Credit Union Department, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources.
The bill would amend Chapter 15, Credit Union Commission and Department, and Subtitle D, Credit Unions, of the Finance Code relating to the administration and operation of the Credit Union Department and regulation of the credit union industry.
Based on the analysis of the Credit Union Department, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 469 Credit Union Department
450 Department of Savings and Mortgage Lending, 451 Department of Banking, 469 Credit Union Department
LBB Staff: JOB, JRO, MW, ACa
JOB, JRO, MW, ACa