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Relating to a study regarding the feasibility of implementing a central filing system for the filing of financing statements for agricultural liens.
No fiscal implication to the State is anticipated.
SB 2037 would create a study on the feasibility of developing and implementing a central filing system to be used for the filing of all financing statements that cover farm products being sold and purchased in this state that are subject to an agricultural lien.
Texas Action remains neutral on SB 2037 because it does not affect our liberty principles. However, this bill seems like good policy that would provide a more effective and efficient means of providing notice to the affected buyers.