LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 29, 2009 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3077 by Deshotel (Relating to the assignment of security interests in certain collateral.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would clarify laws regarding liens on utility security interests, manufactured housing, boats and outboard motors, and vehicles. The bill would be effective immediately if it receives a vote of two-thirds or on September 1, 2009. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:307 Secretary of State, 332 Department of Housing and Community Affairs, 601 Department of Transportation, 802 Parks and Wildlife Department LBB Staff: JOB, JRO, BTA LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 29, 2009 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3077 by Deshotel (Relating to the assignment of security interests in certain collateral.), Committee Report 1st House, Substituted TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S. O'Brien, Director, Legislative Budget Board IN RE: HB3077 by Deshotel (Relating to the assignment of security interests in certain collateral.), Committee Report 1st House, Substituted Honorable Joe Deshotel, Chair, House Committee on Business & Industry Honorable Joe Deshotel, Chair, House Committee on Business & Industry John S. O'Brien, Director, Legislative Budget Board John S. O'Brien, Director, Legislative Budget Board HB3077 by Deshotel (Relating to the assignment of security interests in certain collateral.), Committee Report 1st House, Substituted HB3077 by Deshotel (Relating to the assignment of security interests in certain collateral.), 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 clarify laws regarding liens on utility security interests, manufactured housing, boats and outboard motors, and vehicles. The bill would be effective immediately if it receives a vote of two-thirds or on September 1, 2009. The bill would clarify laws regarding liens on utility security interests, manufactured housing, boats and outboard motors, and vehicles. The bill would be effective immediately if it receives a vote of two-thirds or on September 1, 2009. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: 307 Secretary of State, 332 Department of Housing and Community Affairs, 601 Department of Transportation, 802 Parks and Wildlife Department 307 Secretary of State, 332 Department of Housing and Community Affairs, 601 Department of Transportation, 802 Parks and Wildlife Department LBB Staff: JOB, JRO, BTA JOB, JRO, BTA