LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 28, 2023 TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1577 by Menndez (Relating to the Texas Real Estate Research Center, the Real Estate Research Advisory Committee, the Texas Real Estate Commission, and the Texas Appraiser Licensing and Certification Board.), As Introduced No significant fiscal implication to the State is anticipated. Based on the analysis of the Real Estate Commission and Texas A&M University System Office, 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 > 329 Real Estate Commission, 710 Texas A&M University System Administrative and General Offices LBB Staff: b > td > JMc, SZ, SLee LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 28, 2023 TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1577 by Menndez (Relating to the Texas Real Estate Research Center, the Real Estate Research Advisory Committee, the Texas Real Estate Commission, and the Texas Appraiser Licensing and Certification Board.), As Introduced TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1577 by Menndez (Relating to the Texas Real Estate Research Center, the Real Estate Research Advisory Committee, the Texas Real Estate Commission, and the Texas Appraiser Licensing and Certification Board.), As Introduced 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 SB1577 by Menndez (Relating to the Texas Real Estate Research Center, the Real Estate Research Advisory Committee, the Texas Real Estate Commission, and the Texas Appraiser Licensing and Certification Board.), As Introduced SB1577 by Menndez (Relating to the Texas Real Estate Research Center, the Real Estate Research Advisory Committee, the Texas Real Estate Commission, and the Texas Appraiser Licensing and Certification Board.), As Introduced No significant fiscal implication to the State is anticipated. No significant fiscal implication to the State is anticipated. Based on the analysis of the Real Estate Commission and Texas A&M University System Office, 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 > 329 Real Estate Commission, 710 Texas A&M University System Administrative and General Offices 329 Real Estate Commission, 710 Texas A&M University System Administrative and General Offices LBB Staff: b > td > JMc, SZ, SLee JMc, SZ, SLee