LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 5, 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 regulations for small business development.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. This bill would amend the Securities Act relating to crowdfunding portal regulation for small business development. Based on information provided by the Securities Board, 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:312 Securities Board LBB Staff: UP, KVe, CL, NV, JLi, JSm
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 5, 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 regulations for small business development.), Committee Report 1st House, Substituted
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 regulations for small business development.), Committee Report 1st House, Substituted
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 regulations for small business development.), Committee Report 1st House, Substituted
HB1629 by Johnson (Relating to crowdfunding portal regulations for small business development.), Committee Report 1st House, Substituted
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 small business development. Based on information provided by the Securities Board, 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: 312 Securities Board
312 Securities Board
LBB Staff: UP, KVe, CL, NV, JLi, JSm
UP, KVe, CL, NV, JLi, JSm