LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 5, 2017 TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB923 by Shaheen (Relating to property owners' association fines.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would amend the Property Code to require fines assessed by property owners' associations be reasonable in the context of the violation. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: UP, CL, GG, BM LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 5, 2017 TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB923 by Shaheen (Relating to property owners' association fines.), Committee Report 1st House, Substituted TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE: HB923 by Shaheen (Relating to property owners' association fines.), Committee Report 1st House, Substituted Honorable René Oliveira, Chair, House Committee on Business & Industry Honorable René Oliveira, Chair, House Committee on Business & Industry Ursula Parks, Director, Legislative Budget Board Ursula Parks, Director, Legislative Budget Board HB923 by Shaheen (Relating to property owners' association fines.), Committee Report 1st House, Substituted HB923 by Shaheen (Relating to property owners' association fines.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. No fiscal implication to the State is anticipated. The bill would amend the Property Code to require fines assessed by property owners' associations be reasonable in the context of the violation. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: UP, CL, GG, BM UP, CL, GG, BM