LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 10, 1995 TO: Honorable Robert M. Saunders, Chair IN RE: House Bill No. 1976 Committee on Land and Resource By: Janek Management 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 real property in Harris County to the city of Bellaire.) this office has determined the following: The bill would authorize the Department of Transportation to convey, on behalf of the state, all interest of the state in 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: Legislative Budget Board LBB Staff: JK, ML, DF