NOTE: As provided in LFC policy, this report is
intended only for use by the standing finance committees of the
legislature. The Legislative Finance Committee does not assume
responsibility for the accuracy of the information in this report when used for
other purposes.
The most recent FIR
version (in HTML & Adobe PDF formats) is available on the Legislative
Website. The Adobe PDF version includes
all attachments, whereas the HTML version does not. Previously issued FIRs and attachments may be
obtained from the LFC in
SPONSOR: |
Garcia, M.H. |
DATE TYPED: |
|
HB |
363 |
||
SHORT TITLE: |
|
SB |
|
||||
|
ANALYST: |
L. Kehoe |
|||||
APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
||
FY03 |
FY04 |
FY03 |
FY04 |
|
|
NFI |
|
|
|
|
|
(Parenthesis
( ) Indicate Expenditure Decreases)
Duplicates Senate Bill 83
SUMMARY
Synopsis
of Bill
House Bill 363 exempts
a debtor’s homestead from the processes of the bankruptcy court and prohibits
any judgment, decree or execution of a lien against it in bankruptcy court
except for the payment of taxes, tax assessments or obligations contracted for
the purchase, improvement or repair of the homestead. The homestead exemption is limited to the
owner of the homestead and his heirs.
Significant
Issues
House Bill 363 would give affordable housing providers the ability to file a lien on the homestead owners’ property for debt owed to providers for housing improvements or repair. The bill further protects the rights of the home improvement providers to secure a means for recovery of their costs due through the lien proviso.
CONFLICT, DUPLICATION, COMPANIONSHIP,
RELATIONSHIP
House Bill 363 duplicates Senate Bill 83.