BILL ANALYSIS S.B. 1328 By: Montford Natural Resources 3-30-95 Committee Report (Unamended) BACKGROUND In 1975, the legislature conveyed a 70-acre tract of land located next to the Big Spring State Hospital to the City of Big Spring. Current law provides that the property is to be used for a park or for recreational facilities, and requires the property, if it ever ceases to be used as a park or recreational facility, to revert back to the state under the state's revisionary interest. The City of Big Spring wants the state to release its revisionary interest so that the city can begin to allow the development of the property. PURPOSE As proposed, S.B. 1328 authorizes the General Land Office to release the state's revisionary interest in certain real property located in Howard County. RULEMAKING AUTHORITY It is the committee's opinion that this bill does not grant any additional rulemaking authority to a state officer, institution, or agency. SECTION BY SECTION ANALYSIS SECTION 1. (a) Authorizes the General Land Office (office) to release the state's revisionary interest under Section 2, Chapter 85, Acts of the 64th Legislature, Regular Session, 1975, in the real property conveyed to the City of Big Spring (city) if the city and the Texas Department of Mental Health and Mental Retardation execute a memorandum of understanding ensuring that future use of the property is compatible with the operation of the Big Spring State Hospital, the city ensures that the portion of the property set aside for public use is accessible to persons with disabilities, and the city pays consideration to the state as determined by the office. (b) Requires the office to determine the amount of consideration due by determining the fair market value of the property as if the restrictions under Section 2, Chapter 85, Acts of the 64th Legislature, Regular Session, 1975, do not apply less the fair market value of the property determined as if the restrictions apply. SECTION 2. Requires the real property referred to in Section 1 to include specific territory. SECTION 3. Emergency clause. Effective date: upon passage.