LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
April 5, 1995
TO: Honorable David Sibley, Chair IN RE: Committee Substitute
Committee on Economic Development for
Senate Senate Bill
Austin, Texas No. 921
FROM: John Keel, Director
In response to your request for a Fiscal Note on Senate Bill No.
921 (relating to the regulation of certain persons engaged in the
business of motor vehicle leasing) 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 allow for the licensing and regulation of
individuals engaged in the leasing of new motor vehicles. The
bill also designates a lessor license fee which varies based on
volume and a $375 lease facilitator fee, to be deposited to the
General Revenue Fund. The revenue estimate below includes only
the lease facilitator fee as the lessor fee cannot be determined
because the number of lessors in each fee category is unknown at
this time.
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 Cost Out Probable Revenue Change in
Year of State Highway Gain Number of State
Fund 006 to General Employees from
Revenue FY 1995
Fund 001
1996 $279,936 $562,500 7.0
1997 238,336 562,500 7.0
1998 238,336 562,500 7.0
1999 238,336 562,500 7.0
2000 238,336 562,500 7.0
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 Transportation
LBB Staff: JK, ML, RR