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 the assignment of security interests in certain collateral. ), Committee Report 1st House, Substituted |
The bill relates to the assignment of security interests in certain collateral. 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.
Source Agencies: | 307 Secretary of State, 332 Department of Housing and Community Affairs, 601 Department of Transportation, 802 Parks and Wildlife Department
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LBB Staff: | JOB, JRO, BTA
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