LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 16, 2017 TO: Honorable Geanie W. Morrison, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1062 by Perry (Relating to documentation for the transfer of a motor vehicle title.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend Chapter 501 of the Transportation Code to require the Texas Department of Motor Vehicles (TxDMV) to provide a secure power of attorney form and reassignment form for licensed motor vehicles in electronic and paper formats and for use consistent with 49 C.F.R. Part 580, relating to odometer disclosure requirements. The bill would require TxDMV to establish a process to accept electronic signatures on secure documents which have been signed through a system not controlled by TxDMV. TxDMV indicates that any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:608 Department of Motor Vehicles LBB Staff: UP, TG, AG
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
May 16, 2017
TO: Honorable Geanie W. Morrison, Chair, House Committee on Transportation FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB1062 by Perry (Relating to documentation for the transfer of a motor vehicle title.), As Engrossed
TO: Honorable Geanie W. Morrison, Chair, House Committee on Transportation
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB1062 by Perry (Relating to documentation for the transfer of a motor vehicle title.), As Engrossed
Honorable Geanie W. Morrison, Chair, House Committee on Transportation
Honorable Geanie W. Morrison, Chair, House Committee on Transportation
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB1062 by Perry (Relating to documentation for the transfer of a motor vehicle title.), As Engrossed
SB1062 by Perry (Relating to documentation for the transfer of a motor vehicle title.), 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 501 of the Transportation Code to require the Texas Department of Motor Vehicles (TxDMV) to provide a secure power of attorney form and reassignment form for licensed motor vehicles in electronic and paper formats and for use consistent with 49 C.F.R. Part 580, relating to odometer disclosure requirements. The bill would require TxDMV to establish a process to accept electronic signatures on secure documents which have been signed through a system not controlled by TxDMV. TxDMV indicates that any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 608 Department of Motor Vehicles
608 Department of Motor Vehicles
LBB Staff: UP, TG, AG
UP, TG, AG