LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 80TH LEGISLATIVE REGULAR SESSION

March 23, 2007

TO:	Honorable Burt R. Solomons, Chair, House Committee on Financial Institutions
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	HB3387 by Orr (Relating to the transfer of ad valorem tax liens.), As Introduced

No fiscal implication to the State is anticipated.

The bill modifies procedures and clarifies reasonable closing costs associated with property tax liens. The bill only concerns relationships between private transferees and transferors of property tax liens so there is no fiscal impact to the state or units of local government.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

LBB Staff:

JOB, JRO, SD, SJS