LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
March 9, 1995
TO: Honorable David Sibley, Chair IN RE: Senate Bill No. 132
Committee on Economic Development By: West, Royce
Senate
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on Senate Bill No.
132 (relating to public notification of an application for a
pawnshop license) this office has determined the following:
The bill would make no appropriation but could provide the legal
basis for an appropriation of funds to implement the provisions
of the bill.
The bill would require pawnshop license applicants to give notice
of the application by publication and to post a sign at a
proposed pawnshop location. The Office of Consumer Credit
Commissioner (OCCC) must provide the sign at the applicant's
expense. The Consumer Credit Commissioner would be required to
notify certain public officials of the pending application.
Additionally, the bill would require the OCCC to conduct a public
hearing, by request, in the county in which a proposed pawnshop
would be located.
The probable fiscal implication of implementing the provisions of
the bill during each of the first five years following passage
is estimated as follows:
Fiscal Probable Revenue Probable Cost Out
Year Gain of
to Consumer Credit Consumer Credit
Expense Account Expense Account
509 509
GR Consolidated
GR Consolidated
1996 $4,000 $25,375
1997 4,000 25,375
1998 4,000 25,375
1999 4,000 25,375
2000 4,000 25,375
2001 4,000 25,375
Similar annual fiscal implications would continue as long as the
provisions of the bill are in effect.
No fiscal implication to units of local government is
anticipated.
Source: Department of Banking
LBB Staff: JK, VS, RR