LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 15, 2021 TO: Honorable Chris Turner, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1059 by Stephenson (Relating to a seller's disclosure of the location of certain real property in a floodplain.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Property Code relating to seller's disclosure of real property in a floodplain.Based on information provided by the Texas Real Estate Commission, this analysis assumes that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. The Real Estate Commission is a self-directed semi-independent agency and thus does not receive state appropriations. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 329 Real Estate Commission LBB Staff: b > td > JMc, SZ, MB, MPuk
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 15, 2021
TO: Honorable Chris Turner, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1059 by Stephenson (Relating to a seller's disclosure of the location of certain real property in a floodplain.), As Introduced
TO: Honorable Chris Turner, Chair, House Committee on Business & Industry
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1059 by Stephenson (Relating to a seller's disclosure of the location of certain real property in a floodplain.), As Introduced
Honorable Chris Turner, Chair, House Committee on Business & Industry
Honorable Chris Turner, Chair, House Committee on Business & Industry
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1059 by Stephenson (Relating to a seller's disclosure of the location of certain real property in a floodplain.), As Introduced
HB1059 by Stephenson (Relating to a seller's disclosure of the location of certain real property in a floodplain.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Property Code relating to seller's disclosure of real property in a floodplain.Based on information provided by the Texas Real Estate Commission, this analysis assumes that the duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. The Real Estate Commission is a self-directed semi-independent agency and thus does not receive state appropriations.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 329 Real Estate Commission
329 Real Estate Commission
LBB Staff: b > td > JMc, SZ, MB, MPuk
JMc, SZ, MB, MPuk