SRC-ARR S.B. 479 76(R)BILL ANALYSIS


Senate Research CenterS.B. 479
By: Carona
State Affairs
6/28/1999
Enrolled


DIGEST 

Currently, Texas law requires a filing fee of $10 for standard paper form
filing. Processing electronically filed financing statements required under
Article 9 of the Uniform Credit Code is less expensive. S.B. 479
establishes a $5 filing fee for electronic filing of a financing statement
with the secretary of state. 

PURPOSE

As enrolled, S.B. 479 establishes a $5 fee for the electronic filing of a
financing statement with the secretary of state. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Chapter 9D, Business & Commerce Code, by adding Section
9.4095, as follows: 

Sec. 9.4095. FEE FOR ELECTRONIC FILING. Provides that the fee for filing,
indexing, and returning an electronic confirmation of a financing statement
of other filing transmitted electronically in accordance with rules adopted
under this subchapter is $5. 

SECTION 2. Emergency clause.
                      Effective date: upon passage.