Honorable Kelly Hancock, Chair, Senate Committee on Business & Commerce
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB2279 by Hancock (Relating to the ownership, control, or operation of a franchised or nonfranchised dealer or dealership by certain manufacturers.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 2301 of the Occupations Code to authorize a manufacturer or distributor of motor vehicles to apply for and hold a motor vehicle dealer license subject to conditions specified under the provisions of the bill. The bill would take effect on September 1, 2017.
Based on LBB's analysis of information provided by the Texas Department of Motor Vehicles, it is assumed implementation of the bill would not result in a significant impact to the State and 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.