LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 26, 2009 TO: Honorable Jeff Wentworth, Chair, Senate Committee on Jurisprudence FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB918 by Harris (Relating to attorney general participation in proceedings involving charitable trusts.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Property Code and provide that the Office of the Attorney General (OAG)may bring a lawsuit against a charitable entity for breach of fiduciary duty. The OAG indicates that any costs associated with implementation of the bill could be absorbed within existing state resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General LBB Staff: JOB, MN, JM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
March 26, 2009
TO: Honorable Jeff Wentworth, Chair, Senate Committee on Jurisprudence FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB918 by Harris (Relating to attorney general participation in proceedings involving charitable trusts.), As Introduced
TO: Honorable Jeff Wentworth, Chair, Senate Committee on Jurisprudence
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB918 by Harris (Relating to attorney general participation in proceedings involving charitable trusts.), As Introduced
Honorable Jeff Wentworth, Chair, Senate Committee on Jurisprudence
Honorable Jeff Wentworth, Chair, Senate Committee on Jurisprudence
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB918 by Harris (Relating to attorney general participation in proceedings involving charitable trusts.), As Introduced
SB918 by Harris (Relating to attorney general participation in proceedings involving charitable trusts.), As Introduced
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 the Office of the Attorney General (OAG)may bring a lawsuit against a charitable entity for breach of fiduciary duty. The OAG indicates that any costs associated with implementation of the bill could be absorbed within existing state resources.
The bill would amend the Property Code and provide that the Office of the Attorney General (OAG)may bring a lawsuit against a charitable entity for breach of fiduciary duty. The OAG indicates that any costs associated with implementation of the bill could be absorbed within existing state resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General
212 Office of Court Administration, Texas Judicial Council, 302 Office of the Attorney General
LBB Staff: JOB, MN, JM
JOB, MN, JM