LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION May 15, 2013 TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB658 by Sheets (Relating to postjudgment interest on damages subject to Medicare subrogation.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Civil Practice and Remedies Code to specify that postjudgment interest does not accrue on unpaid balances of certain damages awards. It is not anticipated that the bill would result in a fiscal impact to the court system or to the the Health and Human Services Commission. The change in law would apply only to an award of damages made after the bill's effective date. The bill would take effect September 1, 2013. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:212 Office of Court Administration, Texas Judicial Council, 529 Health and Human Services Commission LBB Staff: UP, AG, AM, CL
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
May 15, 2013
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB658 by Sheets (Relating to postjudgment interest on damages subject to Medicare subrogation.), As Engrossed
TO: Honorable Robert Duncan, Chair, Senate Committee on State Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB658 by Sheets (Relating to postjudgment interest on damages subject to Medicare subrogation.), As Engrossed
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
Honorable Robert Duncan, Chair, Senate Committee on State Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB658 by Sheets (Relating to postjudgment interest on damages subject to Medicare subrogation.), As Engrossed
HB658 by Sheets (Relating to postjudgment interest on damages subject to Medicare subrogation.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Civil Practice and Remedies Code to specify that postjudgment interest does not accrue on unpaid balances of certain damages awards. It is not anticipated that the bill would result in a fiscal impact to the court system or to the the Health and Human Services Commission. The change in law would apply only to an award of damages made after the bill's effective date. The bill would take effect September 1, 2013.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 212 Office of Court Administration, Texas Judicial Council, 529 Health and Human Services Commission
212 Office of Court Administration, Texas Judicial Council, 529 Health and Human Services Commission
LBB Staff: UP, AG, AM, CL
UP, AG, AM, CL