LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 5, 2021 TO: Honorable Chris Turner, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1679 by Romero, Jr. (Relating to the survival of a mechanic's retainage lien after the foreclosure of a lien securing a construction loan.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Property Code relating to the survival of a mechanic's retainage lien after the foreclosure of a lien securing a construction loan.According to the Office of the Attorney General, any additional work resulting from the provisions of this bill could be absorbed within current resources. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 302 Office of the Attorney General LBB Staff: b > td > JMc, SZ, LCO, HGR
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 5, 2021
TO: Honorable Chris Turner, Chair, House Committee on Business & Industry FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: HB1679 by Romero, Jr. (Relating to the survival of a mechanic's retainage lien after the foreclosure of a lien securing a construction loan.), As Introduced
TO: Honorable Chris Turner, Chair, House Committee on Business & Industry
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: HB1679 by Romero, Jr. (Relating to the survival of a mechanic's retainage lien after the foreclosure of a lien securing a construction loan.), As Introduced
Honorable Chris Turner, Chair, House Committee on Business & Industry
Honorable Chris Turner, Chair, House Committee on Business & Industry
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
HB1679 by Romero, Jr. (Relating to the survival of a mechanic's retainage lien after the foreclosure of a lien securing a construction loan.), As Introduced
HB1679 by Romero, Jr. (Relating to the survival of a mechanic's retainage lien after the foreclosure of a lien securing a construction loan.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Property Code relating to the survival of a mechanic's retainage lien after the foreclosure of a lien securing a construction loan.According to the Office of the Attorney General, any additional work resulting from the provisions of this bill could be absorbed within current resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 302 Office of the Attorney General
302 Office of the Attorney General
LBB Staff: b > td > JMc, SZ, LCO, HGR
JMc, SZ, LCO, HGR