LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 16, 2021 TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3849 by Slawson (relating to the requirements for the regulation of state trust companies.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The Department of Banking indicates that there would be no fiscal impact from the bill. The agency is a self-directed, semi-independent state entity and does not receive appropriated funds. It is responsible for funding all direct and indirect operational costs and sets the amount of fees, penalties, charges, and revenues required to cover these costs. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 451 Department of Banking LBB Staff: b > td > JMc, AAL, CMA, MB, RRE
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 16, 2021
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3849 by Slawson (relating to the requirements for the regulation of state trust companies.), Committee Report 1st House, Substituted
TO: Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3849 by Slawson (relating to the requirements for the regulation of state trust companies.), Committee Report 1st House, Substituted
Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
Honorable Rafael Anchia, Chair, House Committee on Pensions, Investments & Financial Services
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB3849 by Slawson (relating to the requirements for the regulation of state trust companies.), Committee Report 1st House, Substituted
HB3849 by Slawson (relating to the requirements for the regulation of state trust companies.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The Department of Banking indicates that there would be no fiscal impact from the bill. The agency is a self-directed, semi-independent state entity and does not receive appropriated funds. It is responsible for funding all direct and indirect operational costs and sets the amount of fees, penalties, charges, and revenues required to cover these costs.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 451 Department of Banking
451 Department of Banking
LBB Staff: b > td > JMc, AAL, CMA, MB, RRE
JMc, AAL, CMA, MB, RRE