LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 2, 2011 TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1204 by West (Relating to the procedures for collection of assessments and other debts, including foreclosure of an assessment lien, by a property owners' association.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Property Code to require the Supreme Court to adopt rules establishing procedures for expediting foreclosure proceedings on an assessment lien for use by a property owners association. The bill would amend procedures for collection of assessments of a property owners association. Certain provisions of the bill would apply only to a property owners' association which is not a governmental entity. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:212 Office of Court Administration, Texas Judicial Council LBB Staff: JOB, KKR, TP, TB
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
May 2, 2011
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB1204 by West (Relating to the procedures for collection of assessments and other debts, including foreclosure of an assessment lien, by a property owners' association.), As Introduced
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB1204 by West (Relating to the procedures for collection of assessments and other debts, including foreclosure of an assessment lien, by a property owners' association.), As Introduced
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB1204 by West (Relating to the procedures for collection of assessments and other debts, including foreclosure of an assessment lien, by a property owners' association.), As Introduced
SB1204 by West (Relating to the procedures for collection of assessments and other debts, including foreclosure of an assessment lien, by a property owners' association.), 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 Property Code to require the Supreme Court to adopt rules establishing procedures for expediting foreclosure proceedings on an assessment lien for use by a property owners association. The bill would amend procedures for collection of assessments of a property owners association. Certain provisions of the bill would apply only to a property owners' association which is not a governmental entity.
The bill would amend the Property Code to require the Supreme Court to adopt rules establishing procedures for expediting foreclosure proceedings on an assessment lien for use by a property owners association. The bill would amend procedures for collection of assessments of a property owners association. Certain provisions of the bill would apply only to a property owners' association which is not a governmental entity.
Local Government Impact
No 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, KKR, TP, TB
JOB, KKR, TP, TB