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A BILL TO BE ENTITLED
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AN ACT
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relating to certain holders of independent mobility vehicle |
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dealer's licenses. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 501.025 of the Transportation Code, is |
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amended to read as follows: |
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(a) A county assessor-collector may not issue a title |
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receipt on the first sale of a motor vehicle unless the applicant |
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for the title provides the application for a title and a |
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manufacturer's certificate in a manner prescribed by the |
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department. |
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(b) Subsection (b) applies only to an entity who: |
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(1) On September 30, 2013, held both an independent |
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mobility motor vehicle dealer's license and a converter's license |
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issued under this Chapter, and |
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(2) operates a business in a county that has a |
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population of more than 200,000 that borders Lake Palestine. |
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(c) A person who meets the requirements of Subsection (b) |
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above may: |
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(1) purchase and transfer new motor vehicles to |
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another business entity and may pass a Manufacturer's Certificate |
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of Origin under the terms of sale. The recipient business entity may |
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produce the Manufacturer's Certificate of Origin and other |
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documents necessary to perfect the certificate of title for an |
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initial sale to the consumer. A manufacturer's certificate of |
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origin produced from a recipient business entity under this section |
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will |
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be sufficient to perfect title when sold to a consumer. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |