The Legislative Budget Board (LBB) has determined that SB 929 will not have a significant fiscal impact on the State of Texas. The bill's provisions regarding mechanic’s, contractor’s, and materialman’s liens do not introduce new regulatory frameworks or impose substantial administrative costs. Any costs associated with implementing the changes outlined in the bill are expected to be minimal and can be absorbed within existing state resources.

Additionally, no significant fiscal implications are anticipated for local governments. The bill does not mandate new enforcement mechanisms or require municipalities, counties, or other local entities to expend additional funds. Since the changes primarily focus on clarifying lien deadlines and priorities, they are unlikely to create an administrative burden on local government offices that handle lien records or disputes.

In summary, SB 929 is fiscally neutral and will not require new appropriations or additional taxpayer funding at either the state or local levels.

SB 929 improves the mechanic’s, contractor’s, and materialman’s lien process by clarifying deadline calculations and standardizing lien inception rules under Chapter 53 of the Texas Property Code. Specifically, it ensures that if a deadline falls on a weekend or legal holiday, it is automatically extended to the next business day. Additionally, the bill aligns lien priority rules by confirming that a lien’s inception date is the date of recording the affidavit of lien.

SB 929 removes unnecessary legal hurdles, protects businesses and property owners, and clarifies lien deadlines without expanding government authority. There are clear benefits to economic activity and property rights; as such, Texas Policy Research recommends a YES vote by lawmakers.

• HB 4984 (Similar To)