LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
May 1, 1997
TO: Honorable Fred M. Bosse, Chair IN RE: House Bill No. 616
Committee on Land and Resource Management By: Gutierrez
House
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on HB616 ( Relating
to the transfer of certain state property from the Texas National
Guard Armory Board to certain municipalities.) this office has
detemined the following:
Biennial Net Impact to General Revenue Funds by HB616-As Introduced FN Revision 1
No fiscal implication to the State is anticipated.
The bill would require the Texas National Guard Armory Board
to transfer to four cities--Donna, Edinburg, McAllen and Pharr--real
property (land and improvements) located in those cities, if
that real property is no longer used by the Texas National Guard
Armory Board as an armory. The property must be fully paid
for and free of liens, and all obligations incurred in connection
with the acquisition and construction of the property must have
been fully paid. The cities would be required to use the property
for governmental purposes only, and title to the property would
revert to the Armory Board if the property were to be used for
a non-governmental purpose.
The estimates for the four properties
are based on General Land Office appraisals. The total for
the properties equals $2,686,284.
Four cities would receive land and improvements valued as follows:
Edinburg:
$400,0000
McAllen: 1,611,284
Donna: 325,000
Pharr:
350,000
No significant fiscal implication to other
units of local government is anticipated.
Source: Agencies: 304 Comptroller of Public Accounts
305 General Land Office and Veterans' Land Board
406 National Guard Armory Board
LBB Staff: JK ,BB ,RS