LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 18, 2011 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1456 by Orr (Relating to the waiver and release of a mechanic's, contractor's, or materialman's lien or payment bond claim.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Property Code and provides that any waiver and release of lien or payment bond claim is unenforceable unless is it delivered in a specified format. It is anticipated that any additional costs associated with implementation of the legislation could be absorbed within existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:302 Office of the Attorney General LBB Staff: JOB, AG, JM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 18, 2011
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1456 by Orr (Relating to the waiver and release of a mechanic's, contractor's, or materialman's lien or payment bond claim.), As Introduced
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB1456 by Orr (Relating to the waiver and release of a mechanic's, contractor's, or materialman's lien or payment bond claim.), As Introduced
Honorable Joe Deshotel, Chair, House Committee on Business & Industry
Honorable Joe Deshotel, Chair, House Committee on Business & Industry
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB1456 by Orr (Relating to the waiver and release of a mechanic's, contractor's, or materialman's lien or payment bond claim.), As Introduced
HB1456 by Orr (Relating to the waiver and release of a mechanic's, contractor's, or materialman's lien or payment bond claim.), 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 provides that any waiver and release of lien or payment bond claim is unenforceable unless is it delivered in a specified format. It is anticipated that any additional costs associated with implementation of the legislation could be absorbed within existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 302 Office of the Attorney General
302 Office of the Attorney General
LBB Staff: JOB, AG, JM
JOB, AG, JM