LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION March 29, 2021 TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1203 by Hancock (Relating to business entities.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend various chapters of the Business Organizations Code to update language relating to the regulation and governance of various types of business entities.The Comptroller's office, Secretary of State, and Office of Court Administration indicate that any costs associated with the bill 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, 304 Comptroller of Public Accounts, 307 Secretary of State LBB Staff: b > td > JMc, SZ, LCO, MBO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
March 29, 2021
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1203 by Hancock (Relating to business entities.), As Introduced
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1203 by Hancock (Relating to business entities.), 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
SB1203 by Hancock (Relating to business entities.), As Introduced
SB1203 by Hancock (Relating to business entities.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend various chapters of the Business Organizations Code to update language relating to the regulation and governance of various types of business entities.The Comptroller's office, Secretary of State, and Office of Court Administration indicate that any costs associated with the bill 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, 304 Comptroller of Public Accounts, 307 Secretary of State
212 Office of Court Admin, 304 Comptroller of Public Accounts, 307 Secretary of State
LBB Staff: b > td > JMc, SZ, LCO, MBO
JMc, SZ, LCO, MBO