LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 31, 2011 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB8 by Darby (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Property Code relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties. Based on the analysis of the Office of the Attorney General and Texas Real Estate Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:302 Office of the Attorney General, 329 Real Estate Commission, 304 Comptroller of Public Accounts LBB Staff: JOB, NV, AG, MW, KKR
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 31, 2011
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB8 by Darby (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties.), Committee Report 1st House, Substituted
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB8 by Darby (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties.), Committee Report 1st House, Substituted
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
HB8 by Darby (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties.), Committee Report 1st House, Substituted
HB8 by Darby (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties.), Committee Report 1st House, Substituted
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 relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties. Based on the analysis of the Office of the Attorney General and Texas Real Estate Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
The bill would amend the Property Code relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties.
Based on the analysis of the Office of the Attorney General and Texas Real Estate Commission, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 302 Office of the Attorney General, 329 Real Estate Commission, 304 Comptroller of Public Accounts
302 Office of the Attorney General, 329 Real Estate Commission, 304 Comptroller of Public Accounts
LBB Staff: JOB, NV, AG, MW, KKR
JOB, NV, AG, MW, KKR