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F I S C A L I M P A C T R E P O R T

SPONSOR SCORC

DATE TYPED 3/13/05

HB

SHORT TITLE Public Peace, Health, Safety and Welfare

SB 1118/SCORCS

ANALYST Rosen

APPROPRIATION

Appropriation Contained Estimated Additional Impact Recurring

or Non-Rec

Fund

Affected

FY05

FY06

FY05

FY06

NFI

NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

SUMMARY

Synopsis of Bill

Senate Corporations and Transportation Committee substitute for Senate Bill 1118 amends stat-

ute to provide for recovery of deficiencies for certain liens, making the registered owner of a

towed or stored automobile liable for any deficiency if proceeds from foreclosure on a lien or

sale of the towed or stored automobile are insufficient to satisfy the amount of the lien, and cre-

ates an exemption from the definition of “used motor vehicle dealer” for garage owners and per-

sons licensed and engaged in the business of towing or storing automobiles.

JR/rs