LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 13, 1995 TO: Honorable Don Henderson, Chair IN RE: Senate BillNo. 1545 Committee on Jurisprudence By: Henderson Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 1545 (relating to the seizure and sale for delinquent ad valorem taxes of abandoned real property in a municipality) this office has determined the following: The bill would provide a process for a municipality to seize and sell abandoned real property for delinquent property taxes or for a municipal health or safety lien. The bill would also allow the transfer of the property to a charitable organization improving property for low-income housing (Section 11.181, Tax Code) for less than the tax warrant or market value of the property if a sufficient bid is not received at the sale. No fiscal implication to the State is anticipated. The fiscal implication to units of local government cannot be determined. Source: Comptroller of Public Accounts LBB Staff: JK, BR, RR