LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
April 30, 1995
TO: Honorable Robert M. Saunders, Chair IN RE: Committee Substitute
Committee on Land and Resource for House
Management Bill No. 1976
House of Representatives
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on House Bill No.
1976 (relating to the conveyance of certain state-owned property
in Harris County to the city of Bellaire) this office has
determined the following:
The bill would require the Department of Transportation to convey
without compensation, on behalf of the state, all interest of the
state in certain property developed by the City of Bellaire as a
park. The bill stipulates that the City of Bellaire would
continue to use and maintain the property as described by this
Act as a public park.
The estimated fair market value of the property, based on
appraisal estimates from the Houston District of the Department
of Transportation, is $320,000.
Source: Department of Transportation
LBB Staff: JK, ML, DF