LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 23, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1077 by Eltife (Relating to the definition of "person" under the Uniform Commercial Code.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Business and Commerce Code by clarifying certain definitions.The Secretary of State indicates the provisions of the bill could be implemented within existing resources. The bill would take effect immediately upon receiving a two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2015. Local Government Impact Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House/Senate as to its probable fiscal implication on units of local government. Source Agencies:307 Secretary of State LBB Staff: UP, CL, EP, CM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 23, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1077 by Eltife (Relating to the definition of "person" under the Uniform Commercial Code.), As Introduced
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1077 by Eltife (Relating to the definition of "person" under the Uniform Commercial Code.), As Introduced
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
SB1077 by Eltife (Relating to the definition of "person" under the Uniform Commercial Code.), As Introduced
SB1077 by Eltife (Relating to the definition of "person" under the Uniform Commercial Code.), 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 by clarifying certain definitions.The Secretary of State indicates the provisions of the bill could be implemented within existing resources. The bill would take effect immediately upon receiving a two-thirds majority vote in each house. Otherwise, the bill would take effect September 1, 2015.
Local Government Impact
Because the bill would not have statewide impact on units of local government of the same type or class, no comment from this office is required by the rules of the House/Senate as to its probable fiscal implication on units of local government.
Source Agencies: 307 Secretary of State
307 Secretary of State
LBB Staff: UP, CL, EP, CM
UP, CL, EP, CM