LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 12, 2017 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1859 by Simmons (Relating to certain rental-purchase agreements.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Business and Commerce Code by requiring additional disclosures to consumers related to the display of merchandise available for lease under a rental-purchase agreement or offered at a place of business that derives at least 50 percent of its revenue from rental-purchase agreements. The Office of the Attorney General anticipates any additional work resulting from the passage of the bill could be reasonable absorbed within current resources. The bill would go in to effect September 1, 2017. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:302 Office of the Attorney General LBB Staff: UP, CL, NV, JSm
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
May 12, 2017
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1859 by Simmons (Relating to certain rental-purchase agreements.), Committee Report 2nd House, Substituted
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1859 by Simmons (Relating to certain rental-purchase agreements.), Committee Report 2nd House, Substituted
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1859 by Simmons (Relating to certain rental-purchase agreements.), Committee Report 2nd House, Substituted
HB1859 by Simmons (Relating to certain rental-purchase agreements.), Committee Report 2nd 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 Business and Commerce Code by requiring additional disclosures to consumers related to the display of merchandise available for lease under a rental-purchase agreement or offered at a place of business that derives at least 50 percent of its revenue from rental-purchase agreements. The Office of the Attorney General anticipates any additional work resulting from the passage of the bill could be reasonable absorbed within current resources. The bill would go in to effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 302 Office of the Attorney General
302 Office of the Attorney General
LBB Staff: UP, CL, NV, JSm
UP, CL, NV, JSm