LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 11, 2021 TO: Honorable Dade Phelan, Speaker of the House, House of Representatives FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB654 by Lucio III (Relating to the rule against perpetuities.), As Passed 2nd House No significant fiscal implication to the State is anticipated. It is assumed that the costs associated with the bill's provisions relating to the rule against perpetuities could be absorbed using existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 212 Office of Court Admin LBB Staff: b > td > JMc, LBO, SLE, BH, MW LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION May 11, 2021 TO: Honorable Dade Phelan, Speaker of the House, House of Representatives FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB654 by Lucio III (Relating to the rule against perpetuities.), As Passed 2nd House TO: Honorable Dade Phelan, Speaker of the House, House of Representatives FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB654 by Lucio III (Relating to the rule against perpetuities.), 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 HB654 by Lucio III (Relating to the rule against perpetuities.), As Passed 2nd House HB654 by Lucio III (Relating to the rule against perpetuities.), As Passed 2nd House No significant fiscal implication to the State is anticipated. No significant fiscal implication to the State is anticipated. It is assumed that the costs associated with the bill's provisions relating to the rule against perpetuities could be absorbed using existing resources. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 212 Office of Court Admin 212 Office of Court Admin LBB Staff: b > td > JMc, LBO, SLE, BH, MW JMc, LBO, SLE, BH, MW