Honorable John Kuempel, Chair, House Committee on Licensing & Administrative Procedures
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB3163 by Button (Relating to persons engaged in the leasing of motor vehicles.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 2301 of the Occupations Code, relating to the regulation of the sale or lease of motor vehicles, to change the definition of "vehicle lessor."
The Texas Department of Motor Vehicles (TxDMV) anticipates incurring a minor one-time technology cost related to the change in the definition. Based on LBB's analysis of information provided by TxDMV, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within existing resources.
Local Government Impact
No fiscal implication to units of local government is anticipated.