LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 1, 2025 TO: Honorable Cole Hefner, Chair, House Committee on Homeland Security, Public Safety & Veterans' Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB17 by Hefner (Relating to the purchase of or acquisition of title to real property by certain aliens or foreign entities; creating a criminal offense.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Chapter 5 of the Property Code (Conveyances) to add Subchapter H regarding the purchase of or acquisition of title to real property by certain foreign individuals or entities.The bill would define a designated country as China, Iran, North Korea, Russia; or another country designated by the Governor. It would prohibit a governmental entity or resident of a designated country, or an entity or company under certain ownership control either directly or indirectly related to a designated country, from purchasing or acquiring title to real property in Texas.The bill would require the Office of the Attorney General (OAG) to investigate whether property sales or transfers are in compliance with the provisions of the bill and take legal action if necessary. The bill would also require the OAG to establish enforcement procedures. This analysis assumes any additional cost to the OAG could be absorbed using the agency's existing resources.The Office of the Governor indicates any costs related to the implementation of the bill could be absorbed using the agency's existing resources.The Comptroller indicates that there is insufficient data to determine the potential revenue impact that would result from the passage of the bill. This analysis assumes that any additional revenues collected from fines imposed under the provisions of the bill would be insignificant.The Office of Court Administration indicates that any additional casework related to the provisions of the bill would have no significant fiscal impact to the state court system.The impact of the state jail felony offense on state correctional populations or on the demand for state correctional resources cannot be determined due to a lack of data to estimate the prevalence of conduct outlined in the bill's provisions that would be subject to any penalties. 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, 300 Trusteed Programs Within the Office of the Governor, 302 Office of the Attorney General, 304 Comptroller of Public Accounts LBB Staff: b > td > JMc, MGol, LCO, JKe
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 1, 2025
TO: Honorable Cole Hefner, Chair, House Committee on Homeland Security, Public Safety & Veterans' Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB17 by Hefner (Relating to the purchase of or acquisition of title to real property by certain aliens or foreign entities; creating a criminal offense.), As Introduced
TO: Honorable Cole Hefner, Chair, House Committee on Homeland Security, Public Safety & Veterans' Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB17 by Hefner (Relating to the purchase of or acquisition of title to real property by certain aliens or foreign entities; creating a criminal offense.), As Introduced
Honorable Cole Hefner, Chair, House Committee on Homeland Security, Public Safety & Veterans' Affairs
Honorable Cole Hefner, Chair, House Committee on Homeland Security, Public Safety & Veterans' Affairs
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB17 by Hefner (Relating to the purchase of or acquisition of title to real property by certain aliens or foreign entities; creating a criminal offense.), As Introduced
HB17 by Hefner (Relating to the purchase of or acquisition of title to real property by certain aliens or foreign entities; creating a criminal offense.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 5 of the Property Code (Conveyances) to add Subchapter H regarding the purchase of or acquisition of title to real property by certain foreign individuals or entities.The bill would define a designated country as China, Iran, North Korea, Russia; or another country designated by the Governor. It would prohibit a governmental entity or resident of a designated country, or an entity or company under certain ownership control either directly or indirectly related to a designated country, from purchasing or acquiring title to real property in Texas.The bill would require the Office of the Attorney General (OAG) to investigate whether property sales or transfers are in compliance with the provisions of the bill and take legal action if necessary. The bill would also require the OAG to establish enforcement procedures. This analysis assumes any additional cost to the OAG could be absorbed using the agency's existing resources.The Office of the Governor indicates any costs related to the implementation of the bill could be absorbed using the agency's existing resources.The Comptroller indicates that there is insufficient data to determine the potential revenue impact that would result from the passage of the bill. This analysis assumes that any additional revenues collected from fines imposed under the provisions of the bill would be insignificant.The Office of Court Administration indicates that any additional casework related to the provisions of the bill would have no significant fiscal impact to the state court system.The impact of the state jail felony offense on state correctional populations or on the demand for state correctional resources cannot be determined due to a lack of data to estimate the prevalence of conduct outlined in the bill's provisions that would be subject to any penalties.
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, 300 Trusteed Programs Within the Office of the Governor, 302 Office of the Attorney General, 304 Comptroller of Public Accounts
212 Office of Court Administration, Texas Judicial Council, 300 Trusteed Programs Within the Office of the Governor, 302 Office of the Attorney General, 304 Comptroller of Public Accounts
LBB Staff: b > td > JMc, MGol, LCO, JKe
JMc, MGol, LCO, JKe