TO: | Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce |
FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
IN RE: | HB1018 by Noriega, Melissa ( relating to the amount of liability insurance required to be maintained on certain school buses owned by a motor carrier.), Committee Report 2nd House, Substituted |
The bill would amend Chapter 643, Transportation Code, to require that certain school buses owned by a motor carrier maintain liability insurance in the amount of at least $500,000 combined single limit. The bill would take effect immediately if it receives the required two-thirds vote in each house; otherwise, it would take effect September 1, 2005.
The Texas Department of Transportation (TxDOT) anticipates that making administrative rule changes to adjust for the requirements of the bill would have no significant fiscal impact on the agency. TxDOT also reports that the proposed change in statute would not cause the state any loss of federal funds.
Source Agencies: | 601 Department of Transportation
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LBB Staff: | JOB, SD, JRO, DLBa
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