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

SPONSOR Taylor

ORIGINAL DATE

LAST UPDATED

2/26/07

HB

SHORT TITLE Sale of Salvaged Vehicles to Recyclers

SB 933

ANALYST Earnest

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY07

FY08

NFI

NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

SUMMARY

Synopsis of Bill

Senate Bill 933 amends the Motor Vehicle Code to make it unlawful for a salvage auction to sell

or otherwise convey ownership of salvage vehicle to a person that is not a licensed dealer or auto

recycler.

SIGNIFICANT ISSUES

Laws 2005, Chapter 324, substantially amended statute on auto recycling and salvage. The bill

follows to further restrict the purchase at auction of salvage vehicles to licensed dealers or auto

recyclers.

TECHNICAL ISSUES

There is no definition of “salvage auction" in this section or in the Motor Vehicle Code.

BE/nt