LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION April 13, 2011 TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB267 by Williams (Relating to a joint statement regarding the transfer of a motor vehicle as the result of a gift.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend Chapter 152, Texas Code, and impose additional requirements on the transfer of a motor vehicle as a gift. With regard to the joint statement required in current law for the transfer of a motor vehicle by gift, the bill would require the statement be filed in person by one of the transaction's principal parties and that person must provide unexpired identification. The bill would describe acceptable identification for this purpose, and would prohibit the filing of a joint statement by a motor vehicle title service. This bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2011. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, KJG, JI, KK, YD
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
April 13, 2011
TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security FROM: John S O'Brien, Director, Legislative Budget Board IN RE:SB267 by Williams (Relating to a joint statement regarding the transfer of a motor vehicle as the result of a gift.), Committee Report 1st House, Substituted
TO: Honorable Tommy Williams, Chair, Senate Committee on Transportation & Homeland Security
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB267 by Williams (Relating to a joint statement regarding the transfer of a motor vehicle as the result of a gift.), Committee Report 1st House, Substituted
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
SB267 by Williams (Relating to a joint statement regarding the transfer of a motor vehicle as the result of a gift.), Committee Report 1st House, Substituted
SB267 by Williams (Relating to a joint statement regarding the transfer of a motor vehicle as the result of a gift.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 152, Texas Code, and impose additional requirements on the transfer of a motor vehicle as a gift. With regard to the joint statement required in current law for the transfer of a motor vehicle by gift, the bill would require the statement be filed in person by one of the transaction's principal parties and that person must provide unexpired identification. The bill would describe acceptable identification for this purpose, and would prohibit the filing of a joint statement by a motor vehicle title service. This bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2011.
The bill would amend Chapter 152, Texas Code, and impose additional requirements on the transfer of a motor vehicle as a gift.
With regard to the joint statement required in current law for the transfer of a motor vehicle by gift, the bill would require the statement be filed in person by one of the transaction's principal parties and that person must provide unexpired identification. The bill would describe acceptable identification for this purpose, and would prohibit the filing of a joint statement by a motor vehicle title service. This bill would take effect immediately upon enactment, assuming that it received the requisite two-thirds majority votes in both houses of the Legislature. Otherwise, it would take effect September 1, 2011.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, KJG, JI, KK, YD
JOB, KJG, JI, KK, YD