TO: | Honorable Larry Phillips, Chair, House Committee on Transportation |
FROM: | John S O'Brien, Director, Legislative Budget Board |
IN RE: | HB641 by Veasey (Relating to insurance requirements for certain contract carriers.), Committee Report 1st House, Substituted |
The bill would amend the Transportation Code to require contract carriers to maintain $3 million of liability insurance. The bill would take effect September 1, 2011. The Department of Public Safety anticipates no significant fiscal impact from the provisions of the bill.
Source Agencies: | 405 Department of Public Safety
|
LBB Staff: | JOB, KJG, GG, ESi
|