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