LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

March 30, 2009

TO:	Honorable Troy Fraser, Chair, Senate Committee on Business & Commerce
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	SB1592 by Fraser (Relating to assignment of security interests in certain collateral.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill would clarify existing law regarding liens on utility security interests, manufactured housing, boats and outboard motors, and vehicles.  The bill would be effective immediately if it receives a vote of two-thirds or on September 1, 2009.

Local Government Impact

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

Source Agencies:

307 Secretary of State, 332 Department of Housing and Community Affairs, 601 Department of Transportation, 802 Parks and Wildlife Department

LBB Staff:

JOB, JRO, BTA