LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 13, 2011 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce 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 2nd 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 General Land Office and Veterans' Land Board, the Office of the Attorney General and the 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:304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 302 Office of the Attorney General, 329 Real Estate Commission LBB Staff: JOB, KKR, NV, AG, MW
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 13, 2011
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce 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 2nd House, Substituted
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
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 2nd House, Substituted
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
HB8 by Darby (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties.), Committee Report 2nd House, Substituted
HB8 by Darby (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties.), Committee Report 2nd 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 General Land Office and Veterans' Land Board, the Office of the Attorney General and the 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 General Land Office and Veterans' Land Board, the Office of the Attorney General and the 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: 304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 302 Office of the Attorney General, 329 Real Estate Commission
304 Comptroller of Public Accounts, 305 General Land Office and Veterans' Land Board, 302 Office of the Attorney General, 329 Real Estate Commission
LBB Staff: JOB, KKR, NV, AG, MW
JOB, KKR, NV, AG, MW