LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session March 22, 1995 TO: Honorable Ken Armbrister, Chair IN RE: Senate BillNo. 956, Committee on State Affairs as amended Senate By: Luna, Gregory Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 956 (Relating to the conveyance of certain state-owned real property in Bexar County.) this office has determined the following: The bill would authorize the General Land Office to sell and convey the state's interest in two tracts of real property in Bexar County, currently held by the Texas General Services Commission. The General Land Office anticipates expenses for coordinating and executing the sale, including advertising, printing and appraisal of the properties, of $2,131, which would be paid from the proceeds of the sale. Although the exact gain to the Capital Trust Fund from the sale cannot be determined until a new appraisal is completed, at the last appraisal in November, 1989, the value of the properties was estimated to be $60,000. No fiscal implication is anticipated after fiscal year 1996. The probable fiscal implication of implementing the provisions of the bill during each of the first five years following passage is estimated as follows: Fiscal Probable Revenue Year Gain to GR Consolidated - Texas Capitol Trust Fund 543 1996 $57,869 1997 0 1998 0 1999 0 2000 0 No fiscal implication to units of local government is anticipated. Source: Comptroller of Public Accounts, General Land Office and Veterans' Land Board LBB Staff: JK, KW, DF