LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 18, 1995



 TO:     Honorable Robert M. Saunders, Chair    IN RE:  Senate Bill No.
         Committee on Land and Resource         1038,
         Management                                           as engrossed
         House of Representatives                       By: Leedom
         Austin, Texas








FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Bill No.
1038 (Relating to public school lands and other lands in the
public domain, including their sale and patenting.) this office
has determined the following:

he bill would  make four specific changes in Chapters 51 and 53
of the Natural Resources Code.  Under Section 1 of the bill,  the
School Land Board would set terms and times for payment of
interest on unpaid and delinquent interest payments for Permanent
School Fund (PSF) land sales.  Section 2 would provide for the
mailing of patents by certified mail, a faster and less expensive
way than under current practice. The bill would also allow the
School Land Board to take such actions as are in the best
interest of the PSF, including waiving the mineral reservation on
state-owned land, if it is determined that the surface value of
the land would be reduced by a mineral reservation.  Section 4 of
the bill would allow the land commissioner to consider the
highest and best use of the land before issuing a prospect permit
which would restrict  the land for a period of up to one year.

Although the General Land Office anticipates that the bill would
have a positive fiscal impact as a result of more efficient and
effective use and management of PSF lands, it is unable to
estimate the impact at this time.

The fiscal implication to the State cannot be determined.    




No fiscal implication to units of local government is
anticipated.
 

    







Source:   LBB Staff: JK, CT, DF