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: SB1280 by Hancock (Relating to certain provisions of The Securities Act for which a person offering or selling a security may be held liable to a person buying the security.), As Introduced No fiscal implication to the State is anticipated. It is assumed that the costs associated with the bill's provisions relating to certain provisions of the Securities Act for which a person offering or selling a security may be held liable to a person buying the security could be absorbed using existing resources. Local Government ImpactNo fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 312 Securities Board LBB Staff: b > td > JMc, SZ, MB, RRE
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: SB1280 by Hancock (Relating to certain provisions of The Securities Act for which a person offering or selling a security may be held liable to a person buying the security.), As Introduced
TO: Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1280 by Hancock (Relating to certain provisions of The Securities Act for which a person offering or selling a security may be held liable to a person buying the security.), 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
SB1280 by Hancock (Relating to certain provisions of The Securities Act for which a person offering or selling a security may be held liable to a person buying the security.), As Introduced
SB1280 by Hancock (Relating to certain provisions of The Securities Act for which a person offering or selling a security may be held liable to a person buying the security.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
It is assumed that the costs associated with the bill's provisions relating to certain provisions of the Securities Act for which a person offering or selling a security may be held liable to a person buying the security could be absorbed using existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 312 Securities Board
304 Comptroller of Public Accounts, 312 Securities Board
LBB Staff: b > td > JMc, SZ, MB, RRE
JMc, SZ, MB, RRE