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LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 19, 2021
TO:
Honorable Tom Oliverson, Chair, House Committee on Insurance
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB552 by Thompson, Ed (Relating to the inclusion of diminished value in the minimum motor vehicle liability insurance coverage requirement.), As Introduced
No significant fiscal implication to the State is anticipated.
It is assumed that the costs associated with the bill's provisions relating to the inclusion of diminished value in the minimum motor vehicle liability insurance coverage requirement could be absorbed using existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
405 Department of Public Safety, 454 Department of Insurance