LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION March 17, 2017 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB563 by Hancock (Relating to the definition of commercial property insurance for purposes of certain provisions governing insurance rates and policy forms.), As Introduced No fiscal implication to the State is anticipated. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:454 Department of Insurance LBB Staff: UP, CL, EH, CP, AG LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION March 17, 2017 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB563 by Hancock (Relating to the definition of commercial property insurance for purposes of certain provisions governing insurance rates and policy forms.), As Introduced TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE: SB563 by Hancock (Relating to the definition of commercial property insurance for purposes of certain provisions governing insurance rates and policy forms.), As Introduced 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 SB563 by Hancock (Relating to the definition of commercial property insurance for purposes of certain provisions governing insurance rates and policy forms.), As Introduced SB563 by Hancock (Relating to the definition of commercial property insurance for purposes of certain provisions governing insurance rates and policy forms.), As Introduced No fiscal implication to the State is anticipated. No fiscal implication to the State is anticipated. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 454 Department of Insurance 454 Department of Insurance LBB Staff: UP, CL, EH, CP, AG UP, CL, EH, CP, AG