LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session March 20, 1995 TO: Honorable Don Henderson, Chair IN RE: Senate Bill No. 390 Committee on Jurisprudence By: Harris, Chris Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 390 (relating to the disclosure of property valuation information to the owner of property to be acquired for public use) this office has determined the following: The bill would require a governmental entity or corporation with eminent domain authority that wants to acquire real property for a public use to disclose to the property owner, at the time an offer to purchase is made, all information relating to the value of the property, including property appraisals, produced or acquired by the governmental entity or corporation. Currently, this information is considered confidential and the governmental entity or corporation is not required to disclose the information under the Texas Open Records Act. Under the provisions of the bill, an agency would be required to disclose all information, including the highest appraisal on a tract of real property. The extent to which cases would be contested or settled based on provisions of the bill is not known, therefore the fiscal implications to the state or units of local government cannot be determined. Source: Office of the Attorney General LBB Staff: JK, JC, RR