LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 31, 2011 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1617 by Deshotel (Relating to uniform law on secured transactions.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend Chapter 9 of the Business and Commerce Code related to secured transactions. The bill would clarify language related to secured transactions and would address certain items related to individual debtor names and trust records. The bill would also repeal Chapter 11 of the Business and Commerce Code related to effective date and transition provisions of the Uniform Commercial Code. The bill would take effect on July 1, 2013. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:307 Secretary of State LBB Staff: JOB, AG, MS, BTA
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 31, 2011
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB1617 by Deshotel (Relating to uniform law on secured transactions.), 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: HB1617 by Deshotel (Relating to uniform law on secured transactions.), 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
HB1617 by Deshotel (Relating to uniform law on secured transactions.), Committee Report 1st House, Substituted
HB1617 by Deshotel (Relating to uniform law on secured transactions.), 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 Chapter 9 of the Business and Commerce Code related to secured transactions. The bill would clarify language related to secured transactions and would address certain items related to individual debtor names and trust records. The bill would also repeal Chapter 11 of the Business and Commerce Code related to effective date and transition provisions of the Uniform Commercial Code. The bill would take effect on July 1, 2013.
The bill would amend Chapter 9 of the Business and Commerce Code related to secured transactions. The bill would clarify language related to secured transactions and would address certain items related to individual debtor names and trust records. The bill would also repeal Chapter 11 of the Business and Commerce Code related to effective date and transition provisions of the Uniform Commercial Code. The bill would take effect on July 1, 2013.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 307 Secretary of State
307 Secretary of State
LBB Staff: JOB, AG, MS, BTA
JOB, AG, MS, BTA