LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 4, 1995 TO: Honorable Clyde Alexander, Chair IN RE: House Bill No. 2516 Committee on Transportation By: Bosse House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 2516 (Relating to payment of certain amounts due to the operator of a vehicle storage facility.) this office has determined the following: The bill would make a lienholder who repossesses a vehicle or the insurance company who pays a claim for total loss of a vehicle held in a storage facility, liable for all unpaid amounts owed the vehicle storage facility operator. This would be the case regardless of whether the amounts accrued before the vehicle was repossessed or the claim was paid. No fiscal implication to the State or units of local government is anticipated. Source: Railroad Commission LBB Staff: JK, KW, DF