LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 7, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1221 by Lucio III (Relating to seller's disclosures in connection with residential real property subject to groundwater regulation.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Property Code relating to seller's disclosures in connection with residential real property subject to groundwater regulation.Based on information provided by the Water Development Board, it is assumed that all duties and responsibilities necessary to implement the provisions of the bill could be accomplished within existing staff and resources.Based on information provided by the Real Estate Commission, the bill would have no fiscal impact to the state. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:329 Real Estate Commission, 580 Water Development Board LBB Staff: UP, CL, SZ, NV, ER, PM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 7, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1221 by Lucio III (Relating to seller's disclosures in connection with residential real property subject to groundwater regulation.), Committee Report 2nd House, Substituted
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1221 by Lucio III (Relating to seller's disclosures in connection with residential real property subject to groundwater regulation.), Committee Report 2nd House, Substituted
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1221 by Lucio III (Relating to seller's disclosures in connection with residential real property subject to groundwater regulation.), Committee Report 2nd House, Substituted
HB1221 by Lucio III (Relating to seller's disclosures in connection with residential real property subject to groundwater regulation.), Committee Report 2nd House, Substituted
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 seller's disclosures in connection with residential real property subject to groundwater regulation.Based on information provided by the Water Development Board, it is assumed that all duties and responsibilities necessary to implement the provisions of the bill could be accomplished within existing staff and resources.Based on information provided by the Real Estate Commission, the bill would have no fiscal impact to the state.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 329 Real Estate Commission, 580 Water Development Board
329 Real Estate Commission, 580 Water Development Board
LBB Staff: UP, CL, SZ, NV, ER, PM
UP, CL, SZ, NV, ER, PM