LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 20, 2015 TO: Honorable Joe Straus, Speaker of the House, House of Representatives 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.), As Passed 2nd House 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 20, 2015
TO: Honorable Joe Straus, Speaker of the House, House of Representatives 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.), As Passed 2nd House
TO: Honorable Joe Straus, Speaker of the House, House of Representatives
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.), As Passed 2nd House
Honorable Joe Straus, Speaker of the House, House of Representatives
Honorable Joe Straus, Speaker of the House, House of Representatives
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.), As Passed 2nd House
HB1221 by Lucio III (Relating to seller's disclosures in connection with residential real property subject to groundwater regulation.), As Passed 2nd House
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