LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 29, 2011 TO: Honorable Mike Hamilton, Chair, House Committee on Licensing & Administrative Procedures FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB266 by Williams (Relating to notice required in connection with possessory liens on motor vehicles.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend the Property Code to require a tax assessor-collector to provide a copy of a possessory lien notice to the owner of motor vehicle and each lien holder not later than the 15th business day regardless of the date on which a possessory lien is based accrued. A tax assessor-collector would not be required to send the notice via certified mail. The bill also would change the amount of time a holder of a possessory lien on a motor vehicle has to file a copy of the notice and all required information with the county tax assessor-collectors office. Local Government Impact The fiscal impact associated with providing notices would vary depending on the number of motor vehicles with possessory liens; however, it is anticipated those costs could be absorbed within existing resources. Source Agencies: LBB Staff: JOB, AG, KJG, JB
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 29, 2011
TO: Honorable Mike Hamilton, Chair, House Committee on Licensing & Administrative Procedures FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB266 by Williams (Relating to notice required in connection with possessory liens on motor vehicles.), As Engrossed
TO: Honorable Mike Hamilton, Chair, House Committee on Licensing & Administrative Procedures
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB266 by Williams (Relating to notice required in connection with possessory liens on motor vehicles.), As Engrossed
Honorable Mike Hamilton, Chair, House Committee on Licensing & Administrative Procedures
Honorable Mike Hamilton, Chair, House Committee on Licensing & Administrative Procedures
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
SB266 by Williams (Relating to notice required in connection with possessory liens on motor vehicles.), As Engrossed
SB266 by Williams (Relating to notice required in connection with possessory liens on motor vehicles.), As Engrossed
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Property Code to require a tax assessor-collector to provide a copy of a possessory lien notice to the owner of motor vehicle and each lien holder not later than the 15th business day regardless of the date on which a possessory lien is based accrued. A tax assessor-collector would not be required to send the notice via certified mail. The bill also would change the amount of time a holder of a possessory lien on a motor vehicle has to file a copy of the notice and all required information with the county tax assessor-collectors office.
Local Government Impact
The fiscal impact associated with providing notices would vary depending on the number of motor vehicles with possessory liens; however, it is anticipated those costs could be absorbed within existing resources.
Source Agencies:
LBB Staff: JOB, AG, KJG, JB
JOB, AG, KJG, JB