Honorable Tracy O. King, Chair, House Committee on Licensing & Administrative Procedures
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
HB2940 by Geren (Relating to the ownership, control, or operation of a franchised or nonfranchised dealer or dealership by certain motor vehicle manufacturers and distributors.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 2301 of the Occupations Code to allow a motor vehicle manufacturer or distributor of one type of vehicle to own an interest in, operate, control, or act in the capacity of a motor vehicle franchised dealer or a dealership of other types of vehicles.
Based on the information provided by the Department of Motor Vehicles, it is assumed implementation of the bill would not result in a significant fiscal impact to the agency or the State.
Local Government Impact
No fiscal implication to units of local government is anticipated.