Supplement: TX SB1123 | 2021-2022 | 87th Legislature | Fiscal Note (Engrossed)
For additional supplements on Texas SB1123 please see the Bill Drafting List
Bill Title: Relating to the issuance of Family First specialty license plates.
Status: 2021-06-16 - Effective on 9/1/21 [SB1123 Detail]
Download: Texas-2021-SB1123-Fiscal_Note_Engrossed_.html
Bill Title: Relating to the issuance of Family First specialty license plates.
Status: 2021-06-16 - Effective on 9/1/21 [SB1123 Detail]
Download: Texas-2021-SB1123-Fiscal_Note_Engrossed_.html
| TO: |
Honorable Terry Canales, Chair, House Committee on Transportation |
| FROM: |
Jerry McGinty, Director, Legislative Budget Board
|
| IN RE: |
SB1123 by Perry (Relating to the issuance of Family First specialty license plates.), As Engrossed |
No significant fiscal implication to the State is anticipated.
The bill would amend Subchapter G, Chapter 504 of the Transportation Code to require the Texas Department of Motor Vehicles (TxDMV) to issue "Family First" specialty license plates. The bill would stipulate that the fee for issuance of the plates, after deduction for DMV administrative costs, is to be deposited to an account created by the Comptroller in the License Plate Trust Fund and may only be used by the Texas Education Agency (TEA) to make grants to a nonprofit organization with chapters operating in Texas schools. The bill would take effect on September 1, 2021.
Based on information provided by DMV and TEA, it is assumed any costs or duties associated with implementing the provisions of the bill could be absorbed within the agencies' existing resources. The fee for issuance of a specialty license plate under Subchapter G, Chapter 504 of the Transportation Code is $30.00. Out of this amount $7.50 would be deposited to the Texas Department of Motor Vehicles Fund for TxDMV administrative costs, $0.50 would be retained by the counties for administrative costs, and the remaining $22.00 would be deposited to the License Plate Trust Fund, pursuant to Transportation Code ยง504.6012, for use by TEA as authorized by the bill. Based on the information and analysis provided by DMV, it is assumed the issuance of the new specialty plate would not result in a significant fiscal impact to the State.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
| Source Agencies: | 304 Comptroller of Public Accounts, 608 Department of Motor Vehicles, 701 Texas Education Agency |
| LBB Staff: | JMc, AAL, TG, MB |
