LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 19, 2017 TO: Honorable Joan Huffman, Chair, Senate Committee on State Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1974 by Wray (Relating to durable powers of attorney.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend the Estates Code as it applies to certain durable powers of attorney. It would prescribe the form and effect of powers of attorney and would clarify the authority of the agent. The bill would allow the principal to designate multiple agents or successor agents. The bill would create several causes of action related to durable powers of attorney. The bill would repeal several sections inconsistent with the terms established in the bill. Based on the analysis of the Office of Court Administration, duties and responsibilities associated with implementing the provisions of the bill could be accomplished using existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:212 Office of Court Administration, Texas Judicial Council LBB Staff: UP, AG, LBO, PBO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
May 19, 2017
TO: Honorable Joan Huffman, Chair, Senate Committee on State Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1974 by Wray (Relating to durable powers of attorney.), Committee Report 2nd House, Substituted
TO: Honorable Joan Huffman, Chair, Senate Committee on State Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1974 by Wray (Relating to durable powers of attorney.), Committee Report 2nd House, Substituted
Honorable Joan Huffman, Chair, Senate Committee on State Affairs
Honorable Joan Huffman, Chair, Senate Committee on State Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1974 by Wray (Relating to durable powers of attorney.), Committee Report 2nd House, Substituted
HB1974 by Wray (Relating to durable powers of attorney.), 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 Estates Code as it applies to certain durable powers of attorney. It would prescribe the form and effect of powers of attorney and would clarify the authority of the agent. The bill would allow the principal to designate multiple agents or successor agents. The bill would create several causes of action related to durable powers of attorney. The bill would repeal several sections inconsistent with the terms established in the bill. Based on the analysis of the Office of Court Administration, duties and responsibilities associated with implementing the provisions of the bill could be accomplished using existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 212 Office of Court Administration, Texas Judicial Council
212 Office of Court Administration, Texas Judicial Council
LBB Staff: UP, AG, LBO, PBO
UP, AG, LBO, PBO