LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION

April 10, 2011

TO:	Honorable Larry Phillips, Chair, House Committee on Transportation
FROM:	John S O'Brien, Director, Legislative Budget Board
IN RE:	HB2575 by Phillips (Relating to the Texas Department of Motor Vehicles' electronic lien system.), Committee Report 1st House, Substituted

No significant fiscal implication to the State is anticipated.

The bill would amend the Transportation Code to authorize the Department of Motor Vehicles (DMV)to establish categories of lienholders who may participate in the agency's electronic lien system and to require a lienholder to participate in the system with the exception of a credit union as specified by the bill. The bill would require a schedule for compliance for each category of lienholder that is required to participate in the system.

Based on the analysis of DMV, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agency's existing resources.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:

608 Department of Motor Vehicles

LBB Staff:

JOB, KJG, TG