LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 22, 2023 TO: Honorable Tom Oliverson, Chair, House Committee on Insurance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1040 by Paul (relating to the authority of entities regulated by the Texas Department of Insurance to conduct business electronically.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. Based on the analysis of the Comptroller of Public Accounts and the Department of Insurance, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 454 Department of Insurance LBB Staff: b > td > JMc, AAL, GDZ, LBl
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 22, 2023
TO: Honorable Tom Oliverson, Chair, House Committee on Insurance FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1040 by Paul (relating to the authority of entities regulated by the Texas Department of Insurance to conduct business electronically.), Committee Report 1st House, Substituted
TO: Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1040 by Paul (relating to the authority of entities regulated by the Texas Department of Insurance to conduct business electronically.), Committee Report 1st House, Substituted
Honorable Tom Oliverson, Chair, House Committee on Insurance
Honorable Tom Oliverson, Chair, House Committee on Insurance
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1040 by Paul (relating to the authority of entities regulated by the Texas Department of Insurance to conduct business electronically.), Committee Report 1st House, Substituted
HB1040 by Paul (relating to the authority of entities regulated by the Texas Department of Insurance to conduct business electronically.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
Based on the analysis of the Comptroller of Public Accounts and the Department of Insurance, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 454 Department of Insurance
304 Comptroller of Public Accounts, 454 Department of Insurance
LBB Staff: b > td > JMc, AAL, GDZ, LBl
JMc, AAL, GDZ, LBl