LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 14, 2025 TO: Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4862 by Longoria (Relating to business organizations.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend several provisions of the Business Organizations Code relating to the regulation and governance of various types of business and nonprofit entities. According to the Office of Court Administration (OCA), although the bill would create a new cause of action, it is assumed that any costs associated with the bill could be absorbed using existing resources. Local Government ImpactOCA does not have data to estimate any local fiscal impact, therefore the fiscal implications of the bill to local entities cannot be determined at this time. Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 312 Securities Board LBB Staff: b > td > JMc, KDw, NTh, RStu, DA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 14, 2025
TO: Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB4862 by Longoria (Relating to business organizations.), As Introduced
TO: Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB4862 by Longoria (Relating to business organizations.), As Introduced
Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence
Honorable Jeff Leach, Chair, House Committee on Judiciary & Civil Jurisprudence
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB4862 by Longoria (Relating to business organizations.), As Introduced
HB4862 by Longoria (Relating to business organizations.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend several provisions of the Business Organizations Code relating to the regulation and governance of various types of business and nonprofit entities. According to the Office of Court Administration (OCA), although the bill would create a new cause of action, it is assumed that any costs associated with the bill could be absorbed using existing resources.
According to the Office of Court Administration (OCA), although the bill would create a new cause of action, it is assumed that any costs associated with the bill could be absorbed using existing resources.
Local Government Impact
OCA does not have data to estimate any local fiscal impact, therefore the fiscal implications of the bill to local entities cannot be determined at this time.
Source Agencies: b > td > 212 Office of Court Administration, Texas Judicial Council, 312 Securities Board
212 Office of Court Administration, Texas Judicial Council, 312 Securities Board
LBB Staff: b > td > JMc, KDw, NTh, RStu, DA
JMc, KDw, NTh, RStu, DA