LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 14, 2021 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3849 by Slawson (Relating to the requirements for the regulation of state trust companies.), As Engrossed 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, SZ, MB, RRE, AAL, CMA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
May 14, 2021
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB3849 by Slawson (Relating to the requirements for the regulation of state trust companies.), As Engrossed
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB3849 by Slawson (Relating to the requirements for the regulation of state trust companies.), As Engrossed
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
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.), As Engrossed
HB3849 by Slawson (Relating to the requirements for the regulation of state trust companies.), As Engrossed
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, SZ, MB, RRE, AAL, CMA
JMc, SZ, MB, RRE, AAL, CMA