LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 10, 2017 TO: Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB338 by Burrows (Relating to acreage contracts and quantity contracts for the purchase of agricultural products.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend Texas Agriculture Code by adding Chapter 104 regarding acreage contracts and quantity contracts. The bill would require that a contract between a producer and a purchaser regarding an agricultural product must clearly and conspicuously state on its face that it is an acreage contract or a quantity contract, as applicable. The bill would prohibit a purchaser from filing suit against a producer under an acreage contract unless the producer knowingly fails to deliver to the purchaser all of an agricultural product grown on specified land as provided by the contract. The bill would apply only to a contract executed on or after the effective date of the bill. The bill would take effect September 1, 2017. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts, 551 Department of Agriculture LBB Staff: UP, SZ, MSO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
May 10, 2017
TO: Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB338 by Burrows (Relating to acreage contracts and quantity contracts for the purchase of agricultural products.), As Engrossed
TO: Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB338 by Burrows (Relating to acreage contracts and quantity contracts for the purchase of agricultural products.), As Engrossed
Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs
Honorable Charles Perry, Chair, Senate Committee on Agriculture, Water & Rural Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB338 by Burrows (Relating to acreage contracts and quantity contracts for the purchase of agricultural products.), As Engrossed
HB338 by Burrows (Relating to acreage contracts and quantity contracts for the purchase of agricultural products.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Texas Agriculture Code by adding Chapter 104 regarding acreage contracts and quantity contracts. The bill would require that a contract between a producer and a purchaser regarding an agricultural product must clearly and conspicuously state on its face that it is an acreage contract or a quantity contract, as applicable. The bill would prohibit a purchaser from filing suit against a producer under an acreage contract unless the producer knowingly fails to deliver to the purchaser all of an agricultural product grown on specified land as provided by the contract. The bill would apply only to a contract executed on or after the effective date of the bill. The bill would take effect September 1, 2017.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts, 551 Department of Agriculture
304 Comptroller of Public Accounts, 551 Department of Agriculture
LBB Staff: UP, SZ, MSO
UP, SZ, MSO