LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION Revision 1 April 26, 2023 TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1979 by Hughes (Relating to requiring certain entities to report purchases of single-family homes.), As Introduced 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, SMAT, SLee, SZ LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION Revision 1 April 26, 2023 Revision 1 Revision 1 TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1979 by Hughes (Relating to requiring certain entities to report purchases of single-family homes.), As Introduced TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1979 by Hughes (Relating to requiring certain entities to report purchases of single-family homes.), As Introduced Honorable Bryan Hughes, Chair, Senate Committee on State Affairs Honorable Bryan Hughes, Chair, Senate Committee on State Affairs Jerry McGinty, Director, Legislative Budget Board Jerry McGinty, Director, Legislative Budget Board SB1979 by Hughes (Relating to requiring certain entities to report purchases of single-family homes.), As Introduced SB1979 by Hughes (Relating to requiring certain entities to report purchases of single-family homes.), 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, 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, SMAT, SLee, SZ JMc, SMAT, SLee, SZ