LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 19, 2017 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB921 by Perry (Relating to a late fee for failing to pay rent under a residential lease.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Property Code by limiting the initial and daily fees that a landlord may charge a tenant for failing to pay rent. The Office of the Attorney General anticipates any additional work resulting from the passage of the bill could reasonably be absorbed within current resources. The bill would take effect January 1, 2018. 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, JSm, CL, NV, JGA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
April 19, 2017
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB921 by Perry (Relating to a late fee for failing to pay rent under a residential lease.), As Introduced
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB921 by Perry (Relating to a late fee for failing to pay rent under a residential lease.), 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
SB921 by Perry (Relating to a late fee for failing to pay rent under a residential lease.), As Introduced
SB921 by Perry (Relating to a late fee for failing to pay rent under a residential lease.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Property Code by limiting the initial and daily fees that a landlord may charge a tenant for failing to pay rent. The Office of the Attorney General anticipates any additional work resulting from the passage of the bill could reasonably be absorbed within current resources. The bill would take effect January 1, 2018.
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, JSm, CL, NV, JGA
UP, JSm, CL, NV, JGA