LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 2, 1995



 TO:     Honorable John T. Montford, Chair      IN RE:  Senate BillNo. 1151
         Committee on Finance                           By: Ellis
         Senate
         Austin, Texas







FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Bill No.
1151 (Relating to the transfer of tax liens.) this office has
determined the following:

The bill would establish a procedure for a taxing unit to
transfer a tax lien to another person, subject to certain
publication requirements.  The person who purchases a tax lien
may foreclose the lien within 60 days after the lien is recorded.

Under current law, Section 32.06, Tax Code, a property owner may
authorize another person to pay his or her property taxes,
subject to interest charges not to exceed 10 percent.  The person
paying the taxes holds the tax lien and may foreclose the lien
after one year from the date of recorded tax lien transfer.

Taxing units would collect delinquent taxes, penalties and
interest on properties without filing delinquent tax lawsuits and
initiating foreclosure sales.  Taxing units would incur some
publication costs to publicize the sale and transfer of tax liens
to another person.


No fiscal implication to the State is anticipated.

The fiscal implication to units of local government cannot be
determined.
        




    
 






Source:   LBB Staff: JK, BR, DF