LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 12, 2011 TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1187 by Watson (Relating to the effect of indexing notices of lis pendens.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend Section 13.004 of the Texas Property Code, which deals with the effect of recording lis pendens (a notice that a legal action regarding real estate is pending). The proposed amendments add the requirement that indexing pursuant to Section 12.007(c) be completed before notice is effective under Section 13.004(a) and (b). Under current law, the notice is effective from the time it is filed for record. To the extent the bill would amend court procedures, no significant fiscal implication to the State is anticipated. The bill would take effect September 1, 2011. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:212 Office of Court Administration, Texas Judicial Council LBB Staff: JOB, JT, TB, AG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 12, 2011
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1187 by Watson (Relating to the effect of indexing notices of lis pendens.), As Engrossed
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1187 by Watson (Relating to the effect of indexing notices of lis pendens.), As Engrossed
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
SB1187 by Watson (Relating to the effect of indexing notices of lis pendens.), As Engrossed
SB1187 by Watson (Relating to the effect of indexing notices of lis pendens.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Section 13.004 of the Texas Property Code, which deals with the effect of recording lis pendens (a notice that a legal action regarding real estate is pending). The proposed amendments add the requirement that indexing pursuant to Section 12.007(c) be completed before notice is effective under Section 13.004(a) and (b). Under current law, the notice is effective from the time it is filed for record. To the extent the bill would amend court procedures, no significant fiscal implication to the State is anticipated. The bill would take effect September 1, 2011.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 212 Office of Court Administration, Texas Judicial Council
212 Office of Court Administration, Texas Judicial Council
LBB Staff: JOB, JT, TB, AG
JOB, JT, TB, AG