LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 16, 2011 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1355 by Orr (Relating to title insurance coverage for minerals and surface damage resulting from mineral extraction and development.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Insurance Code relating to title insurance coverage for minerals and surface damage resulting from mineral extraction and development. Based on the analysis provided by the Texas Department of Insurance, it is assumed that all duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing agency resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: JOB, AG, CH, KJG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 16, 2011
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1355 by Orr (Relating to title insurance coverage for minerals and surface damage resulting from mineral extraction and development.), As Engrossed
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB1355 by Orr (Relating to title insurance coverage for minerals and surface damage resulting from mineral extraction and development.), As Engrossed
Honorable John Carona, Chair, Senate Committee on Business & Commerce
Honorable John Carona, Chair, Senate Committee on Business & Commerce
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB1355 by Orr (Relating to title insurance coverage for minerals and surface damage resulting from mineral extraction and development.), As Engrossed
HB1355 by Orr (Relating to title insurance coverage for minerals and surface damage resulting from mineral extraction and development.), 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 Insurance Code relating to title insurance coverage for minerals and surface damage resulting from mineral extraction and development. Based on the analysis provided by the Texas Department of Insurance, it is assumed that all duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing agency resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 454 Department of Insurance
454 Department of Insurance
LBB Staff: JOB, AG, CH, KJG
JOB, AG, CH, KJG