LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 1, 2011 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1281 by Watson (Relating to certain violations of and offenses under The Securities Act; providing penalties.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Securities Act relating to certain violations and offenses. Based on the information provided by the Securities Board, Office of the Attorney General and Comptroller of Public Accounts, 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, 302 Office of the Attorney General, 312 Securities Board LBB Staff: JOB, CWS, AG, ADM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 1, 2011
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1281 by Watson (Relating to certain violations of and offenses under The Securities Act; providing penalties.), As Introduced
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1281 by Watson (Relating to certain violations of and offenses under The Securities Act; providing penalties.), As Introduced
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
SB1281 by Watson (Relating to certain violations of and offenses under The Securities Act; providing penalties.), As Introduced
SB1281 by Watson (Relating to certain violations of and offenses under The Securities Act; providing penalties.), 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 Securities Act relating to certain violations and offenses. Based on the information provided by the Securities Board, Office of the Attorney General and Comptroller of Public Accounts, 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 Securities Act relating to certain violations and offenses.
Based on the information provided by the Securities Board, Office of the Attorney General and Comptroller of Public Accounts, 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, 302 Office of the Attorney General, 312 Securities Board
304 Comptroller of Public Accounts, 302 Office of the Attorney General, 312 Securities Board
LBB Staff: JOB, CWS, AG, ADM
JOB, CWS, AG, ADM