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:HB3132 by Parker (Relating to the authorization for municipalities to hire advisors authorized under the Securities Exchange Act of 1934), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Government Code to modify the registration requirements of an individual to be eligible to a be a financial adviser or an investment adviser. Local Government Impact The Texas Municipal League reported no fiscal impact to municipalities is anticipated. Source Agencies:312 Securities Board LBB Staff: UP, CL, SD, EK
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:HB3132 by Parker (Relating to the authorization for municipalities to hire advisors authorized under the Securities Exchange Act of 1934), As Introduced
TO: Honorable Tan Parker, Chair, House Committee on Investments & Financial Services
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3132 by Parker (Relating to the authorization for municipalities to hire advisors authorized under the Securities Exchange Act of 1934), 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
HB3132 by Parker (Relating to the authorization for municipalities to hire advisors authorized under the Securities Exchange Act of 1934), As Introduced
HB3132 by Parker (Relating to the authorization for municipalities to hire advisors authorized under the Securities Exchange Act of 1934), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code to modify the registration requirements of an individual to be eligible to a be a financial adviser or an investment adviser.
Local Government Impact
The Texas Municipal League reported no fiscal impact to municipalities is anticipated.
Source Agencies: 312 Securities Board
312 Securities Board
LBB Staff: UP, CL, SD, EK
UP, CL, SD, EK