LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 29, 2011 TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1702 by Williams (Relating to the establishment of a task force to enhance the prosecution and tracking of money laundering in this state.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Government Code to provide that the Office of the Attorney General (OAG) establish and administer a task force to enhance the prosecution and tracking of money laundering in this state. The OAG indicates that 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, 312 Securities Board, 405 Department of Public Safety, 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 469 Credit Union Department LBB Staff: JOB, KJG, JM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 29, 2011
TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1702 by Williams (Relating to the establishment of a task force to enhance the prosecution and tracking of money laundering in this state.), As Introduced
TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1702 by Williams (Relating to the establishment of a task force to enhance the prosecution and tracking of money laundering in this state.), As Introduced
Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security
Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB1702 by Williams (Relating to the establishment of a task force to enhance the prosecution and tracking of money laundering in this state.), As Introduced
SB1702 by Williams (Relating to the establishment of a task force to enhance the prosecution and tracking of money laundering in this state.), 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 Government Code to provide that the Office of the Attorney General (OAG) establish and administer a task force to enhance the prosecution and tracking of money laundering in this state. The OAG indicates that 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, 312 Securities Board, 405 Department of Public Safety, 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 469 Credit Union Department
302 Office of the Attorney General, 312 Securities Board, 405 Department of Public Safety, 450 Department of Savings and Mortgage Lending, 451 Department of Banking, 469 Credit Union Department
LBB Staff: JOB, KJG, JM
JOB, KJG, JM