LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 4, 1997
         
         
      TO: Honorable Fred M. Bosse, Chair            IN RE:  House Bill No. 770
          Committee on Land and Resource Management                              By: Haggerty
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB770 ( Relating 
to the acquisition by the Parks and Wildlife Department of real 
property owned by the permanent school fund.) this office has 
detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB770-As Introduced
         

No significant fiscal implication to the State is anticipated.
         
The bill would transfer interest in specific land within the 
boundaries of Franklin Mountains State Park from the permanent 
school fund to the Texas Parks and Wildlife Department (TPWD). 
 In exchange for the land, TPWD would convey land of equal market 
value from TPWD-held lands to the permanent school fund.  The 
exchange would have no fiscal impact.

The bill, however, 
would require TPWD and the General Land Office to hire an appraiser 
to determine the market value of the lands to be exchanged. 
 The agencies estimate that an appraisal for the Franklin Mountains 
land, which includes mineral deposits, would cost $25,000.  
Appraisal of TPWD-held land would cost $3,000, assuming the 
land did not include mineral deposits or other special characteristics. 
 If the agencies agree on one TPWD-held parcel of land to exchange 
and appraise, and the appraised value is equal to the appraised 
value of the Franklin Mountains land, the total appraisal costs 
would be $28,000.
         
 
          
No fiscal implication to units of local government is anticipated.
          
   Source:            Agencies:   802   Parks and Wildlife Department
                                         305   General Land Office and Veterans' Land Board
                                         
                      LBB Staff:   JK ,BB ,DM