LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 18, 2011 TO: Honorable Larry Phillips, Chair, House Committee on Transportation FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB641 by Veasey (Relating to insurance requirements for certain contract carriers.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Transportation Code to require contract carriers to maintain $3 million of liability insurance and $300,000 uninsured or underinsured motorist coverage for each vehicle. The bill would take effect September 1, 2011. The Department of Public Safety (DPS) anticipates no significant fiscal impact from the provisions of the bill. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:405 Department of Public Safety LBB Staff: JOB, KJG, GG, ESi
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 18, 2011
TO: Honorable Larry Phillips, Chair, House Committee on Transportation FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB641 by Veasey (Relating to insurance requirements for certain contract carriers.), As Introduced
TO: Honorable Larry Phillips, Chair, House Committee on Transportation
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB641 by Veasey (Relating to insurance requirements for certain contract carriers.), 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
HB641 by Veasey (Relating to insurance requirements for certain contract carriers.), As Introduced
HB641 by Veasey (Relating to insurance requirements for certain contract carriers.), 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 require contract carriers to maintain $3 million of liability insurance and $300,000 uninsured or underinsured motorist coverage for each vehicle. The bill would take effect September 1, 2011. The Department of Public Safety (DPS) anticipates no significant fiscal impact from the provisions of the bill.
The bill would amend the Transportation Code to require contract carriers to maintain $3 million of liability insurance and $300,000 uninsured or underinsured motorist coverage for each vehicle. The bill would take effect September 1, 2011. The Department of Public Safety (DPS) anticipates no significant fiscal impact from the provisions of the bill.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 405 Department of Public Safety
405 Department of Public Safety
LBB Staff: JOB, KJG, GG, ESi
JOB, KJG, GG, ESi