LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION April 12, 2013 TO: Honorable Mike Villarreal, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB737 by Farias (Relating to the extension of consumer credit to certain members of the Texas National Guard and armed forces of the United States and their dependents; providing a penalty.), As Introduced No fiscal implication to the State is anticipated. Local Government Impact The bill creates Class A misdemeanors. A Class A misdemeanor is punishable by a fine of not more than $4,000, confinement in jail for a term not to exceed one year, or both. Costs associated with enforcement, prosecution and confinement could likely be absorbed within existing resources. Gained revenue from fines imposed and collected is not anticipated to have a significant fiscal impact. Source Agencies:466 Office of Consumer Credit Commissioner LBB Staff: UP, RB, ED, KKR
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
April 12, 2013
TO: Honorable Mike Villarreal, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB737 by Farias (Relating to the extension of consumer credit to certain members of the Texas National Guard and armed forces of the United States and their dependents; providing a penalty.), As Introduced
TO: Honorable Mike Villarreal, Chair, House Committee on Investments & Financial Services
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB737 by Farias (Relating to the extension of consumer credit to certain members of the Texas National Guard and armed forces of the United States and their dependents; providing a penalty.), As Introduced
Honorable Mike Villarreal, Chair, House Committee on Investments & Financial Services
Honorable Mike Villarreal, Chair, House Committee on Investments & Financial Services
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB737 by Farias (Relating to the extension of consumer credit to certain members of the Texas National Guard and armed forces of the United States and their dependents; providing a penalty.), As Introduced
HB737 by Farias (Relating to the extension of consumer credit to certain members of the Texas National Guard and armed forces of the United States and their dependents; providing a penalty.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
Local Government Impact
The bill creates Class A misdemeanors. A Class A misdemeanor is punishable by a fine of not more than $4,000, confinement in jail for a term not to exceed one year, or both. Costs associated with enforcement, prosecution and confinement could likely be absorbed within existing resources. Gained revenue from fines imposed and collected is not anticipated to have a significant fiscal impact.
Source Agencies: 466 Office of Consumer Credit Commissioner
466 Office of Consumer Credit Commissioner
LBB Staff: UP, RB, ED, KKR
UP, RB, ED, KKR