LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 19, 2011 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1425 by Wentworth (Relating to an account for construction retainage; providing a civil penalty.), As Engrossed No fiscal implication to the State is anticipated. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:450 Department of Savings and Mortgage Lending, 451 Department of Banking, 466 Office of Consumer Credit Commissioner LBB Staff: JOB, RAN, AG LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 19, 2011 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1425 by Wentworth (Relating to an account for construction retainage; providing a civil penalty.), As Engrossed TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE: SB1425 by Wentworth (Relating to an account for construction retainage; providing a civil penalty.), As Engrossed 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 SB1425 by Wentworth (Relating to an account for construction retainage; providing a civil penalty.), As Engrossed SB1425 by Wentworth (Relating to an account for construction retainage; providing a civil penalty.), As Engrossed No fiscal implication to the State is anticipated. No fiscal implication to the State is anticipated. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 466 Office of Consumer Credit Commissioner 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 466 Office of Consumer Credit Commissioner LBB Staff: JOB, RAN, AG JOB, RAN, AG