LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 14, 2025 TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2586 by Flores (Relating to information that a property owners' association must file with the Texas Real Estate Commission; authorizing an administrative penalty.), As Introduced No significant fiscal implication to the State is anticipated. The Texas Real Estate Commission is a self-directed, semi-independent agency that is responsible for its costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 304 Comptroller of Public Accounts, 329 Real Estate Commission LBB Staff: b > td > JMc, RStu, GDZ, DPE
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 14, 2025
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2586 by Flores (Relating to information that a property owners' association must file with the Texas Real Estate Commission; authorizing an administrative penalty.), As Introduced
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB2586 by Flores (Relating to information that a property owners' association must file with the Texas Real Estate Commission; authorizing an administrative penalty.), As Introduced
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
SB2586 by Flores (Relating to information that a property owners' association must file with the Texas Real Estate Commission; authorizing an administrative penalty.), As Introduced
SB2586 by Flores (Relating to information that a property owners' association must file with the Texas Real Estate Commission; authorizing an administrative penalty.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The Texas Real Estate Commission is a self-directed, semi-independent agency that is responsible for its costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 304 Comptroller of Public Accounts, 329 Real Estate Commission
304 Comptroller of Public Accounts, 329 Real Estate Commission
LBB Staff: b > td > JMc, RStu, GDZ, DPE
JMc, RStu, GDZ, DPE