LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 18, 2023 TO: Honorable Oscar Longoria, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1668 by Hughes (relating to property owners' associations, including condominium owners' associations.), Committee Report 2nd House, Substituted No significant fiscal implication to the State is anticipated. Based on the analysis of the Real Estate Commission, 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 LBB Staff: b > td > JMc, SZ, GDZ, KDw, SLee LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION May 18, 2023 TO: Honorable Oscar Longoria, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1668 by Hughes (relating to property owners' associations, including condominium owners' associations.), Committee Report 2nd House, Substituted TO: Honorable Oscar Longoria, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1668 by Hughes (relating to property owners' associations, including condominium owners' associations.), Committee Report 2nd 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 SB1668 by Hughes (relating to property owners' associations, including condominium owners' associations.), Committee Report 2nd House, Substituted SB1668 by Hughes (relating to property owners' associations, including condominium owners' associations.), Committee Report 2nd 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 Real Estate Commission, 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 329 Real Estate Commission LBB Staff: b > td > JMc, SZ, GDZ, KDw, SLee JMc, SZ, GDZ, KDw, SLee