LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 5, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce 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.), As Engrossed 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
May 5, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce 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.), As Engrossed
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
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.), 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
HB3132 by Parker (Relating to eligibility requirements to act as a financial adviser or investment adviser in relation to certain public securities.), As Engrossed
HB3132 by Parker (Relating to eligibility requirements to act as a financial adviser or investment adviser in relation to certain public securities.), As Engrossed
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