LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
 
May 5, 2015

TO:
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
 
FROM:
Ursula Parks, Director, Legislative Budget Board
 
IN RE:
HB311 by Canales (Relating to an executory contract for the conveyance of real property; providing a penalty.), As Engrossed

No significant fiscal implication to the State is anticipated.

The bill would clarify legal proceedings surrounding an executory contract for the sale of real property.  It is anticipated that the bill would not significantly increase the number or length of legal proceedings.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.


Source Agencies:
212 Office of Court Administration, Texas Judicial Council, 450 Department of Savings and Mortgage Lending
LBB Staff:
UP, CL, SD, SJS, MW, ED