LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 16, 2023 TO: Honorable Dade Phelan, Speaker of the House, House of Representatives FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing an administrative penalty.), As Passed 2nd House No significant fiscal implication to the State is anticipated. Based on the analysis of the Texas Department of Banking, 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 > 451 Department of Banking LBB Staff: b > td > JMc, SD, SZ, LBl, MOc, CMA, GDZ
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 16, 2023
TO: Honorable Dade Phelan, Speaker of the House, House of Representatives FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing an administrative penalty.), As Passed 2nd House
TO: Honorable Dade Phelan, Speaker of the House, House of Representatives
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing an administrative penalty.), As Passed 2nd House
Honorable Dade Phelan, Speaker of the House, House of Representatives
Honorable Dade Phelan, Speaker of the House, House of Representatives
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing an administrative penalty.), As Passed 2nd House
HB1666 by Capriglione (Relating to the commingling of funds by digital asset service providers; providing an administrative penalty.), As Passed 2nd House
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
Based on the analysis of the Texas Department of Banking, 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 > 451 Department of Banking
451 Department of Banking
LBB Staff: b > td > JMc, SD, SZ, LBl, MOc, CMA, GDZ
JMc, SD, SZ, LBl, MOc, CMA, GDZ