LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 6, 2011 TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1459 by Harris (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties.), As Introduced 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 Office of the Attorney General and 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:302 Office of the Attorney General, 304 Comptroller of Public Accounts, 329 Real Estate Commission LBB Staff: JOB, NV, AG, MW, KKR
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 6, 2011
TO: Honorable John Carona, Chair, Senate Committee on Business & Commerce FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1459 by Harris (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; 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: SB1459 by Harris (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; 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
SB1459 by Harris (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; providing penalties.), As Introduced
SB1459 by Harris (Relating to prohibiting certain private transfer fees and the preservation of private real property rights; 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 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 Office of the Attorney General and 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 Office of the Attorney General and 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: 302 Office of the Attorney General, 304 Comptroller of Public Accounts, 329 Real Estate Commission
302 Office of the Attorney General, 304 Comptroller of Public Accounts, 329 Real Estate Commission
LBB Staff: JOB, NV, AG, MW, KKR
JOB, NV, AG, MW, KKR