LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 21, 2011 TO: Honorable Larry Phillips, Chair, House Committee on Transportation FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB2575 by Phillips (Relating to the use of an electronic lien system established by the Texas Department of Motor Vehicles.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Transportation Code to authorize the Department of Motor Vehicles (DMV)to require participation by lienholder in the agency's electronic lien system and to establish categories of lienholders who may participate in the system. The bill would require a schedule for compliance for each category of lienholder that is required to participate in the system. Based on the analysis of DMV, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:608 Department of Motor Vehicles LBB Staff: JOB, KJG, TG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 21, 2011
TO: Honorable Larry Phillips, Chair, House Committee on Transportation FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB2575 by Phillips (Relating to the use of an electronic lien system established by the Texas Department of Motor Vehicles.), As Introduced
TO: Honorable Larry Phillips, Chair, House Committee on Transportation
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB2575 by Phillips (Relating to the use of an electronic lien system established by the Texas Department of Motor Vehicles.), As Introduced
Honorable Larry Phillips, Chair, House Committee on Transportation
Honorable Larry Phillips, Chair, House Committee on Transportation
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB2575 by Phillips (Relating to the use of an electronic lien system established by the Texas Department of Motor Vehicles.), As Introduced
HB2575 by Phillips (Relating to the use of an electronic lien system established by the Texas Department of Motor Vehicles.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Transportation Code to authorize the Department of Motor Vehicles (DMV)to require participation by lienholder in the agency's electronic lien system and to establish categories of lienholders who may participate in the system. The bill would require a schedule for compliance for each category of lienholder that is required to participate in the system. Based on the analysis of DMV, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
The bill would amend the Transportation Code to authorize the Department of Motor Vehicles (DMV)to require participation by lienholder in the agency's electronic lien system and to establish categories of lienholders who may participate in the system. The bill would require a schedule for compliance for each category of lienholder that is required to participate in the system.
Based on the analysis of DMV, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 608 Department of Motor Vehicles
608 Department of Motor Vehicles
LBB Staff: JOB, KJG, TG
JOB, KJG, TG