LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 31, 2015 TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1629 by Johnson (Relating to crowdfunding portal regulation for the purpose of small business development.), As Introduced No significant fiscal implication to the State is anticipated. This bill would amend the Securities Act relating to crowdfunding portal regulation for the purpose of small business development. Based on information provided by the Securities Board, Office of the Governor, Comptroller of Public Accounts, and Department of Housing and Community Affairs, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:301 Office of the Governor, 304 Comptroller of Public Accounts, 312 Securities Board, 332 Department of Housing and Community Affairs LBB Staff: UP, CL, NV, JLi, KVe, JSm
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 31, 2015
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1629 by Johnson (Relating to crowdfunding portal regulation for the purpose of small business development.), As Introduced
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1629 by Johnson (Relating to crowdfunding portal regulation for the purpose of small business development.), As Introduced
Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1629 by Johnson (Relating to crowdfunding portal regulation for the purpose of small business development.), As Introduced
HB1629 by Johnson (Relating to crowdfunding portal regulation for the purpose of small business development.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would amend the Securities Act relating to crowdfunding portal regulation for the purpose of small business development. Based on information provided by the Securities Board, Office of the Governor, Comptroller of Public Accounts, and Department of Housing and Community Affairs, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 301 Office of the Governor, 304 Comptroller of Public Accounts, 312 Securities Board, 332 Department of Housing and Community Affairs
301 Office of the Governor, 304 Comptroller of Public Accounts, 312 Securities Board, 332 Department of Housing and Community Affairs
LBB Staff: UP, CL, NV, JLi, KVe, JSm
UP, CL, NV, JLi, KVe, JSm