LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 8, 2023 TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce 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.), As Engrossed 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, SZ, AAL, GDZ, LBl
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 8, 2023
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce 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.), As Engrossed
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
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.), As Engrossed
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
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.), As Engrossed
HB1040 by Paul (Relating to the authority of entities regulated by the Texas Department of Insurance to conduct business electronically.), As Engrossed
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, SZ, AAL, GDZ, LBl
JMc, SZ, AAL, GDZ, LBl