LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 20, 2015 TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3400 by Walle (Relating to parties who may bring suit under the Texas Free Enterprise and Antitrust Act of 1983.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Business and Commerce Code to establish a right of action on behalf of consumers, businesses, and governmental entities who have been indirectly injured. The bill would take effect immediately upon receiving two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2015.The Office of the Attorney General indicated the costs associated with implementation of the bill could be absorbed with existing resources. Additionally, the Office of the Attorney General indicated a positive fiscal impact to General Revenue that cannot be determined at this time. Local Government Impact The fiscal implications of the bill cannot be determined at this time Source Agencies:302 Office of the Attorney General LBB Staff: UP, CL, EP, TBo
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 20, 2015
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3400 by Walle (Relating to parties who may bring suit under the Texas Free Enterprise and Antitrust Act of 1983.), As Introduced
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3400 by Walle (Relating to parties who may bring suit under the Texas Free Enterprise and Antitrust Act of 1983.), As Introduced
Honorable René Oliveira, Chair, House Committee on Business & Industry
Honorable René Oliveira, Chair, House Committee on Business & Industry
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3400 by Walle (Relating to parties who may bring suit under the Texas Free Enterprise and Antitrust Act of 1983.), As Introduced
HB3400 by Walle (Relating to parties who may bring suit under the Texas Free Enterprise and Antitrust Act of 1983.), 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 Business and Commerce Code to establish a right of action on behalf of consumers, businesses, and governmental entities who have been indirectly injured. The bill would take effect immediately upon receiving two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2015.The Office of the Attorney General indicated the costs associated with implementation of the bill could be absorbed with existing resources. Additionally, the Office of the Attorney General indicated a positive fiscal impact to General Revenue that cannot be determined at this time.
Local Government Impact
The fiscal implications of the bill cannot be determined at this time
Source Agencies: 302 Office of the Attorney General
302 Office of the Attorney General
LBB Staff: UP, CL, EP, TBo
UP, CL, EP, TBo