LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 13, 2011 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB972 by Hartnett (Relating to the cancellation of travel club membership agreements; providing a civil penalty.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Business and Commerce Code related to a travel club membership and provides that a purchaser of a travel club membership may cancel the agreement not later than midnight of the fifth business day after the date the agreement was signed by the purchaser and requires the seller to provide the purchaser with a copy of the agreement. 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
April 13, 2011
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB972 by Hartnett (Relating to the cancellation of travel club membership agreements; providing a civil penalty.), 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: HB972 by Hartnett (Relating to the cancellation of travel club membership agreements; providing a civil penalty.), 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
HB972 by Hartnett (Relating to the cancellation of travel club membership agreements; providing a civil penalty.), Committee Report 1st House, Substituted
HB972 by Hartnett (Relating to the cancellation of travel club membership agreements; providing a civil penalty.), 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 Business and Commerce Code related to a travel club membership and provides that a purchaser of a travel club membership may cancel the agreement not later than midnight of the fifth business day after the date the agreement was signed by the purchaser and requires the seller to provide the purchaser with a copy of the agreement. 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