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:HB958 by Workman (Relating to damages in an action arising out of a deficiency in the construction or repair of an improvement to real property.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Civil Practice and Remedies Code to reduce the amount of damages in a suit to recover the cost of curing a construction defect by 10 percent for each anniversary of the date of substantial completion of the construction or repair that occurs before the date the suit is filed. To the extent the bill would result in increased filings in the court system, no significant fiscal implication to the state courts or the state is anticipated. The bill would take immediate effect if the bill receives two-thirds the vote of all members in both houses. Otherwise, the bill would take effect September 1, 2011. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:212 Office of Court Administration, Texas Judicial Council LBB Staff: JOB, AG, TB
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:HB958 by Workman (Relating to damages in an action arising out of a deficiency in the construction or repair of an improvement to real property.), As Introduced
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB958 by Workman (Relating to damages in an action arising out of a deficiency in the construction or repair of an improvement to real property.), 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
HB958 by Workman (Relating to damages in an action arising out of a deficiency in the construction or repair of an improvement to real property.), As Introduced
HB958 by Workman (Relating to damages in an action arising out of a deficiency in the construction or repair of an improvement to real property.), 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 Civil Practice and Remedies Code to reduce the amount of damages in a suit to recover the cost of curing a construction defect by 10 percent for each anniversary of the date of substantial completion of the construction or repair that occurs before the date the suit is filed. To the extent the bill would result in increased filings in the court system, no significant fiscal implication to the state courts or the state is anticipated. The bill would take immediate effect if the bill receives two-thirds the vote of all members in both houses. Otherwise, the bill would take effect September 1, 2011.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 212 Office of Court Administration, Texas Judicial Council
212 Office of Court Administration, Texas Judicial Council
LBB Staff: JOB, AG, TB
JOB, AG, TB