LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 19, 2021 TO: Honorable Dade Phelan, Speaker of the House, House of Representatives FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1576 by Parker (Relating to the creation of a work group on blockchain matters concerning this state.), As Passed 2nd House No significant fiscal implication to the State is anticipated. The bill would create a work group on blockchain matters concerning the state and require the workgroup to develop a master plan for the expansion of the blockchain industry within the state. The master plan must be submitted to certain legislative committees of the Senate and House of Representatives no later than October 31, 2022.According to the Department of Information Resources and Trusteed Programs within the Office of the Governor, any work resulting from the provisions of the bill could be absorbed within current resources. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 300 Trusteed Programs - Gov, 313 Department of Information Resources LBB Staff: b > td > JMc, LBO, SZ, LCO, HGR, AAL
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
May 19, 2021
TO: Honorable Dade Phelan, Speaker of the House, House of Representatives FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1576 by Parker (Relating to the creation of a work group on blockchain matters concerning this state.), As Passed 2nd House
TO: Honorable Dade Phelan, Speaker of the House, House of Representatives
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1576 by Parker (Relating to the creation of a work group on blockchain matters concerning this state.), As Passed 2nd House
Honorable Dade Phelan, Speaker of the House, House of Representatives
Honorable Dade Phelan, Speaker of the House, House of Representatives
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1576 by Parker (Relating to the creation of a work group on blockchain matters concerning this state.), As Passed 2nd House
HB1576 by Parker (Relating to the creation of a work group on blockchain matters concerning this state.), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would create a work group on blockchain matters concerning the state and require the workgroup to develop a master plan for the expansion of the blockchain industry within the state. The master plan must be submitted to certain legislative committees of the Senate and House of Representatives no later than October 31, 2022.According to the Department of Information Resources and Trusteed Programs within the Office of the Governor, any work resulting from the provisions of the bill could be absorbed within current resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 300 Trusteed Programs - Gov, 313 Department of Information Resources
300 Trusteed Programs - Gov, 313 Department of Information Resources
LBB Staff: b > td > JMc, LBO, SZ, LCO, HGR, AAL
JMc, LBO, SZ, LCO, HGR, AAL