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:SB782 by Carona (Relating to uniform law on secured transactions.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend Chapter 9 of the Business and Commerce Code related to secured transactions. The bill would clarify language related to secured transactions and would address certain items related to individual debtor names and trust records. The bill would also repeal Chapter 11 of the Business and Commerce Code related to effective date and transition provisions of the Uniform Commercial Code. The bill would take effect on July 1, 2013. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, AG, BTA
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:SB782 by Carona (Relating to uniform law on secured transactions.), As Engrossed
TO: Honorable Joe Deshotel, Chair, House Committee on Business & Industry
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: SB782 by Carona (Relating to uniform law on secured transactions.), 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
SB782 by Carona (Relating to uniform law on secured transactions.), As Engrossed
SB782 by Carona (Relating to uniform law on secured transactions.), As Engrossed
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 9 of the Business and Commerce Code related to secured transactions. The bill would clarify language related to secured transactions and would address certain items related to individual debtor names and trust records. The bill would also repeal Chapter 11 of the Business and Commerce Code related to effective date and transition provisions of the Uniform Commercial Code. The bill would take effect on July 1, 2013.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, AG, BTA
JOB, AG, BTA