LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 4, 2013 TO: Honorable René Oliveira, Chair, House Committee On Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB475 by Walle (Relating to required workers' compensation insurance coverage for building and construction contractors.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Labor Code relating to required workers' compensation insurance coverage for building and construction contracts. Based on information provided by the Texas Department of Insurance (TDI), it is assumed that any costs associated with the implementation of this bill would be absorbed within existing resources. Local Government Impact Costs to units of local government would vary depending on the number and cost of futureconstruction projects in a given locality. Source Agencies:454 Department of Insurance LBB Staff: UP, RB, MW, ER, KKR
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 4, 2013
TO: Honorable René Oliveira, Chair, House Committee On Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB475 by Walle (Relating to required workers' compensation insurance coverage for building and construction contractors.), As Introduced
TO: Honorable René Oliveira, Chair, House Committee On Business & Industry
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB475 by Walle (Relating to required workers' compensation insurance coverage for building and construction contractors.), As Introduced
Honorable René Oliveira, Chair, House Committee On Business & Industry
Honorable René Oliveira, Chair, House Committee On Business & Industry
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB475 by Walle (Relating to required workers' compensation insurance coverage for building and construction contractors.), As Introduced
HB475 by Walle (Relating to required workers' compensation insurance coverage for building and construction contractors.), 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 Labor Code relating to required workers' compensation insurance coverage for building and construction contracts. Based on information provided by the Texas Department of Insurance (TDI), it is assumed that any costs associated with the implementation of this bill would be absorbed within existing resources.
The bill would amend the Labor Code relating to required workers' compensation insurance coverage for building and construction contracts.
Based on information provided by the Texas Department of Insurance (TDI), it is assumed that any costs associated with the implementation of this bill would be absorbed within existing resources.
Local Government Impact
Costs to units of local government would vary depending on the number and cost of futureconstruction projects in a given locality.
Source Agencies: 454 Department of Insurance
454 Department of Insurance
LBB Staff: UP, RB, MW, ER, KKR
UP, RB, MW, ER, KKR