LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION March 1, 2023 TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB711 by Perry (Relating to the purchase of or other acquisition of title to real property by prohibited foreign actors.), As Introduced No significant fiscal implication to the State is anticipated. Based on the analysis of the Office of Court Administration and 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 > 212 Office of Court Administration, Texas Judicial Council, 329 Real Estate Commission LBB Staff: b > td > JMc, SMAT, GDZ, SLee
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 88TH LEGISLATIVE REGULAR SESSION
March 1, 2023
TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB711 by Perry (Relating to the purchase of or other acquisition of title to real property by prohibited foreign actors.), As Introduced
TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB711 by Perry (Relating to the purchase of or other acquisition of title to real property by prohibited foreign actors.), 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
SB711 by Perry (Relating to the purchase of or other acquisition of title to real property by prohibited foreign actors.), As Introduced
SB711 by Perry (Relating to the purchase of or other acquisition of title to real property by prohibited foreign actors.), 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 Office of Court Administration and 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 > 212 Office of Court Administration, Texas Judicial Council, 329 Real Estate Commission
212 Office of Court Administration, Texas Judicial Council, 329 Real Estate Commission
LBB Staff: b > td > JMc, SMAT, GDZ, SLee
JMc, SMAT, GDZ, SLee