LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 10, 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 Texas Department of Motor Vehicles' electronic lien system.), Committee Report 1st House, Substituted 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 establish categories of lienholders who may participate in the agency's electronic lien system and to require a lienholder to participate in the system with the exception of a credit union as specified by the bill. 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
April 10, 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 Texas Department of Motor Vehicles' electronic lien system.), Committee Report 1st House, Substituted
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 Texas Department of Motor Vehicles' electronic lien system.), Committee Report 1st House, Substituted
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 Texas Department of Motor Vehicles' electronic lien system.), Committee Report 1st House, Substituted
HB2575 by Phillips (Relating to the Texas Department of Motor Vehicles' electronic lien system.), 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 the Transportation Code to authorize the Department of Motor Vehicles (DMV)to establish categories of lienholders who may participate in the agency's electronic lien system and to require a lienholder to participate in the system with the exception of a credit union as specified by the bill. 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 establish categories of lienholders who may participate in the agency's electronic lien system and to require a lienholder to participate in the system with the exception of a credit union as specified by the bill. 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