LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION March 18, 2013 TO: Honorable Royce West, Chair, Senate Committee On Jurisprudence FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1202 by West (Relating to an order to conduct mediation following an application for expedited judicial foreclosure proceedings.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapter 51 of the Property Code, regarding property liens, to allow a court, in an expedited foreclosure proceeding, to conduct hearings or order the parties to mediate a foreclosure dispute. The court would be allowed to appoint a mediator if the parties cannot agree on a mediator. The Texas Supreme Court would not be allowed to amend or adopt a rule in conflict with this provision. The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state. The bill would take effect on September 1, 2013. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:212 Office of Court Administration, Texas Judicial Council, 304 Comptroller of Public Accounts LBB Staff: UP, CL, SD, SJS
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 83RD LEGISLATIVE REGULAR SESSION
March 18, 2013
TO: Honorable Royce West, Chair, Senate Committee On Jurisprudence FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1202 by West (Relating to an order to conduct mediation following an application for expedited judicial foreclosure proceedings.), As Introduced
TO: Honorable Royce West, Chair, Senate Committee On Jurisprudence
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1202 by West (Relating to an order to conduct mediation following an application for expedited judicial foreclosure proceedings.), As Introduced
Honorable Royce West, Chair, Senate Committee On Jurisprudence
Honorable Royce West, Chair, Senate Committee On Jurisprudence
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1202 by West (Relating to an order to conduct mediation following an application for expedited judicial foreclosure proceedings.), As Introduced
SB1202 by West (Relating to an order to conduct mediation following an application for expedited judicial foreclosure proceedings.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend Chapter 51 of the Property Code, regarding property liens, to allow a court, in an expedited foreclosure proceeding, to conduct hearings or order the parties to mediate a foreclosure dispute. The court would be allowed to appoint a mediator if the parties cannot agree on a mediator. The Texas Supreme Court would not be allowed to amend or adopt a rule in conflict with this provision. The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state. The bill would take effect on September 1, 2013.
The bill would amend Chapter 51 of the Property Code, regarding property liens, to allow a court, in an expedited foreclosure proceeding, to conduct hearings or order the parties to mediate a foreclosure dispute. The court would be allowed to appoint a mediator if the parties cannot agree on a mediator.
The Texas Supreme Court would not be allowed to amend or adopt a rule in conflict with this provision.
The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state.
The bill would take effect on September 1, 2013.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 212 Office of Court Administration, Texas Judicial Council, 304 Comptroller of Public Accounts
212 Office of Court Administration, Texas Judicial Council, 304 Comptroller of Public Accounts
LBB Staff: UP, CL, SD, SJS
UP, CL, SD, SJS