LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 1, 2023 TO: Honorable Oscar Longoria, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4316 by Goldman (relating to regulation of residential service contract providers, sellers, and administrators.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would require all holders of licenses issued by the Texas Real Estate Commission to obtain a Texas Department of Licensing and Regulation (TDLR) service contract provider license. The renewal fees are based on a tiered schedule. This estimate assumes the bill would have an insignificant revenue increase to the state.Based on the analysis of the Office of the Attorney General, the Real Estate Commission, and the Department of License and Regulation, 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 > 302 Office of the Attorney General, 329 Real Estate Commission, 452 Department of Licensing and Regulation LBB Staff: b > td > JMc, SZ, SLee, GDZ
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
May 1, 2023
TO: Honorable Oscar Longoria, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4316 by Goldman (relating to regulation of residential service contract providers, sellers, and administrators.), Committee Report 1st House, Substituted
TO: Honorable Oscar Longoria, Chair, House Committee on Business & Industry
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4316 by Goldman (relating to regulation of residential service contract providers, sellers, and administrators.), Committee Report 1st House, Substituted
Honorable Oscar Longoria, Chair, House Committee on Business & Industry
Honorable Oscar Longoria, Chair, House Committee on Business & Industry
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB4316 by Goldman (relating to regulation of residential service contract providers, sellers, and administrators.), Committee Report 1st House, Substituted
HB4316 by Goldman (relating to regulation of residential service contract providers, sellers, and administrators.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would require all holders of licenses issued by the Texas Real Estate Commission to obtain a Texas Department of Licensing and Regulation (TDLR) service contract provider license. The renewal fees are based on a tiered schedule. This estimate assumes the bill would have an insignificant revenue increase to the state.Based on the analysis of the Office of the Attorney General, the Real Estate Commission, and the Department of License and Regulation, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.
Based on the analysis of the Office of the Attorney General, the Real Estate Commission, and the Department of License and Regulation, 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 > 302 Office of the Attorney General, 329 Real Estate Commission, 452 Department of Licensing and Regulation
302 Office of the Attorney General, 329 Real Estate Commission, 452 Department of Licensing and Regulation
LBB Staff: b > td > JMc, SZ, SLee, GDZ
JMc, SZ, SLee, GDZ