LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 30, 2021 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1076 by Paxton (Relating to the creation of a work group on blockchain matters concerning this state.), As Introduced 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.It is assumed that the costs associated with the bill's provisions relating to the Trusteed Programs within the Office of the Governor could be absorbed using existing resources. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 300 Trusteed Programs - Gov LBB Staff: b > td > JMc, SZ, HGR, AAL, LCO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 30, 2021
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1076 by Paxton (Relating to the creation of a work group on blockchain matters concerning this state.), As Introduced
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1076 by Paxton (Relating to the creation of a work group on blockchain matters concerning this state.), As Introduced
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
SB1076 by Paxton (Relating to the creation of a work group on blockchain matters concerning this state.), As Introduced
SB1076 by Paxton (Relating to the creation of a work group on blockchain matters concerning this state.), As Introduced
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.It is assumed that the costs associated with the bill's provisions relating to the Trusteed Programs within the Office of the Governor could be absorbed using existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 300 Trusteed Programs - Gov
300 Trusteed Programs - Gov
LBB Staff: b > td > JMc, SZ, HGR, AAL, LCO
JMc, SZ, HGR, AAL, LCO