LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION

March 28, 2005

TO:	Honorable Jeff Wentworth, Chair, Senate Committee on Jurisprudence
FROM:	John S. O'Brien, Deputy Director, Legislative Budget Board
IN RE:	SB149 by Wentworth (Relating to recording of certain aircraft repair and maintenance liens.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

The bill would amend Property Code to require the Secretary of State to maintain information on liens on aircrafts with non-U.S. registrations, indexed under the owner's name and aircraft and create a fee for filing this information with the Secretary of State. Revenue generated by the new filing fee is anticipated to be between $300 and $3,000 per fiscal year. It is anticipated that existing resources would be able absorb any costs associating with implementing the provisions of the bill.

The bill would also create a Class B misdemeanor for improperly obtaining possession of an aircraft subject to a lien. The misdemeanor fine is collected by local entities.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

307 Secretary of State

LBB Staff:

JOB, KJG, LB, MS, NR