LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION February 24, 2011 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB45 by Menendez (Relating to the release of a property owners' association assessment lien.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapter 12 of the Property Code relating to the release of a property owners association assessment lien by an affidavit as defined by the provisions of the bill. A person who is responsible for a false affidavit being executed and recorded would commit a Class A offense punishable by a fine of not more than $4,000, confinement in jail for a term not to exceed one year, or both. Other provisions of the bill would apply only to a property owners' association which is not a governmental entity. Local Government Impact Costs associated with enforcement, prosecution and confinement, and revenue gain from fines imposed and collected would vary depending on the number of offenses, but are not anticipated to have a significant fiscal implication. Source Agencies:302 Office of the Attorney General LBB Staff: JOB, AG, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
February 24, 2011
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB45 by Menendez (Relating to the release of a property owners' association assessment lien.), As Introduced
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB45 by Menendez (Relating to the release of a property owners' association assessment lien.), As Introduced
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
HB45 by Menendez (Relating to the release of a property owners' association assessment lien.), As Introduced
HB45 by Menendez (Relating to the release of a property owners' association assessment lien.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 12 of the Property Code relating to the release of a property owners association assessment lien by an affidavit as defined by the provisions of the bill. A person who is responsible for a false affidavit being executed and recorded would commit a Class A offense punishable by a fine of not more than $4,000, confinement in jail for a term not to exceed one year, or both. Other provisions of the bill would apply only to a property owners' association which is not a governmental entity.
Local Government Impact
Costs associated with enforcement, prosecution and confinement, and revenue gain from fines imposed and collected would vary depending on the number of offenses, but are not anticipated to have a significant fiscal implication.
Source Agencies: 302 Office of the Attorney General
302 Office of the Attorney General
LBB Staff: JOB, AG, TP
JOB, AG, TP