LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 8, 2011 TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB646 by Orr (Relating to reporting requirements for salvage motor vehicles by insurance companies.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Transportation Code to require insurance companies to provide notice to owners of certain nonrepairable or salvage vehicles regarding the companies' reporting requirements to the Department of Motor Vehicles and the requirements for operation or transfer of ownership of such vehicles. Based on the analysis of the Department of Motor Vehicles, 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, MW, TG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 8, 2011
TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB646 by Orr (Relating to reporting requirements for salvage motor vehicles by insurance companies.), As Engrossed
TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB646 by Orr (Relating to reporting requirements for salvage motor vehicles by insurance companies.), As Engrossed
Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security
Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB646 by Orr (Relating to reporting requirements for salvage motor vehicles by insurance companies.), As Engrossed
HB646 by Orr (Relating to reporting requirements for salvage motor vehicles by insurance companies.), As Engrossed
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 insurance companies to provide notice to owners of certain nonrepairable or salvage vehicles regarding the companies' reporting requirements to the Department of Motor Vehicles and the requirements for operation or transfer of ownership of such vehicles. Based on the analysis of the Department of Motor Vehicles, 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 require insurance companies to provide notice to owners of certain nonrepairable or salvage vehicles regarding the companies' reporting requirements to the Department of Motor Vehicles and the requirements for operation or transfer of ownership of such vehicles.
Based on the analysis of the Department of Motor Vehicles, 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, MW, TG
JOB, KJG, MW, TG