LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 77th Regular Session
February 26, 2001
TO: Honorable Clyde Alexander, Chair, House Committee on
Transportation
FROM: John Keel, Director, Legislative Budget Board
IN RE: HB642 by Flores (Relating to documentation of motor
vehicle ownership.), As Introduced
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* No significant fiscal implication to the State is anticipated. *
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The bill would amend the Transportation Code by removing the requirement
for the Texas Department of Transportation to issue non-negotiable
duplicate original certificates of title. The bill would also eliminate
the need for issuing certified copies of duplicate original certificates
of title.
The department estimates an $848,000 cost savings each year would be
realized in implementing the provisions of the bill. The department also
estimates that an insignificant revenue reduction would be realized for
fees not being collected. No significant fiscal implication to the State
is anticipated as it is assumed that savings realized from certificates
of title costs not being incurred would be used for other eligible
transportation related expenditures.
The bill would take effect on September 1, 2001.
Local Government Impact
No significant fiscal implication to units of local government is
anticipated.
Source Agencies: 601 Texas Department of Transportation
LBB Staff: JK, JO, MW