LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 15, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1629 by Johnson (Relating to crowdfunding portal regulations for small business development.), As Engrossed 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 15, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1629 by Johnson (Relating to crowdfunding portal regulations for small business development.), As Engrossed
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1629 by Johnson (Relating to crowdfunding portal regulations for small business development.), As Engrossed
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
HB1629 by Johnson (Relating to crowdfunding portal regulations for small business development.), As Engrossed
HB1629 by Johnson (Relating to crowdfunding portal regulations for small business development.), As Engrossed
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