LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 9, 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 eligibility requirements to act as a financial adviser or investment adviser in relation to certain public securities.), Committee Report 1st House, Substituted 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
April 9, 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 eligibility requirements to act as a financial adviser or investment adviser in relation to certain public securities.), 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: HB3132 by Parker (Relating to eligibility requirements to act as a financial adviser or investment adviser in relation to certain public securities.), 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
HB3132 by Parker (Relating to eligibility requirements to act as a financial adviser or investment adviser in relation to certain public securities.), Committee Report 1st House, Substituted
HB3132 by Parker (Relating to eligibility requirements to act as a financial adviser or investment adviser in relation to certain public securities.), Committee Report 1st House, Substituted
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