LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION April 1, 2015 TO: Honorable John T. Smithee, Chair, House Committee on Judiciary & Civil Jurisprudence FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB705 by Farrar (Relating to access to a financial institution account of a person who dies intestate.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. This bill would amend the Estates Code relating to access to a financial institution account of a person who dies intestate. Based on information provided by the Department of Savings and Mortgage Lending, Department of Banking, Office of Consumer Credit Commissioner, and Office of Court Administration, 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:450 Department of Savings and Mortgage Lending, 212 Office of Court Administration, Texas Judicial Council, 451 Department of Banking, 466 Office of Consumer Credit Commissioner LBB Staff: UP, FR, NV, JLi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
April 1, 2015
TO: Honorable John T. Smithee, Chair, House Committee on Judiciary & Civil Jurisprudence FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB705 by Farrar (Relating to access to a financial institution account of a person who dies intestate.), Committee Report 1st House, Substituted
TO: Honorable John T. Smithee, Chair, House Committee on Judiciary & Civil Jurisprudence
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB705 by Farrar (Relating to access to a financial institution account of a person who dies intestate.), Committee Report 1st House, Substituted
Honorable John T. Smithee, Chair, House Committee on Judiciary & Civil Jurisprudence
Honorable John T. Smithee, Chair, House Committee on Judiciary & Civil Jurisprudence
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB705 by Farrar (Relating to access to a financial institution account of a person who dies intestate.), Committee Report 1st House, Substituted
HB705 by Farrar (Relating to access to a financial institution account of a person who dies intestate.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
This bill would amend the Estates Code relating to access to a financial institution account of a person who dies intestate. Based on information provided by the Department of Savings and Mortgage Lending, Department of Banking, Office of Consumer Credit Commissioner, and Office of Court Administration, 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: 450 Department of Savings and Mortgage Lending, 212 Office of Court Administration, Texas Judicial Council, 451 Department of Banking, 466 Office of Consumer Credit Commissioner
450 Department of Savings and Mortgage Lending, 212 Office of Court Administration, Texas Judicial Council, 451 Department of Banking, 466 Office of Consumer Credit Commissioner
LBB Staff: UP, FR, NV, JLi
UP, FR, NV, JLi