LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 8, 2025 TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2411 by Schwertner (relating to business organizations.), Committee Report 1st House, Substituted 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, RStu, DA, NTh
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 8, 2025
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2411 by Schwertner (relating to business organizations.), Committee Report 1st House, Substituted
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB2411 by Schwertner (relating to business organizations.), Committee Report 1st House, Substituted
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB2411 by Schwertner (relating to business organizations.), Committee Report 1st House, Substituted
SB2411 by Schwertner (relating to business organizations.), Committee Report 1st House, Substituted
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, RStu, DA, NTh
JMc, RStu, DA, NTh