LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
April 6, 1997
TO: Honorable Fred M. Bosse, Chair IN RE: House Bill No. 2318
Committee on Land and Resource Management By: Hilderbran
House
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on HB2318 ( Relating
to the charge and control of certain state facilities located
in Kerrville.) this office has detemined the following:
Biennial Net Impact to General Revenue Funds by HB2318-As Introduced
Implementing the provisions of the bill would result in a
net negative impact of $(517,949) to General Revenue Related
Funds through the biennium ending August 31, 1999.
Fiscal Analysis
The bill would transfer charge and control of a state building
and grounds to the Upper Guadalupe River Authority. The bill
would also transfer records related to the building and grounds
effective September 1, 1997. The building is in Kerrville.
Methodolgy
The bill would transfer control of a state building currently
owned by the Railroad Commission. (Ownership of the building
was transferred from the Office of the Comptroller to the Railroad
Commission in 1993.)
According to the General Land Office,
the property was appraised in December 1996, and the market
value of the property was estimated to be $681,994. Because
the bill would not require the Upper Guadalupe River Authority
to pay fair market value or other compensation, it is assumed
the state would lose the value of the building. The loss of
fair market value of the building would impact the General Revenue
Fund, and the loss of value of the land and improvements would
affect the Permanent School Fund, which owns the land and improvements.
The probable fiscal implications of implementing the provisions
of the bill during each of the first five years following passage
is estimated as follows:
Five Year Impact:
Fiscal Year Probable Revenue Probable Revenue
Gain/(Loss) from Gain/(Loss) from
General Revenue Permanent School
Fund Fund
0001 0044
1998 ($517,949) ($163,993)
1998 0 0
2000 0 0
2001 0 0
2002 0 0
Net Impact on General Revenue Related Funds:
The probable fiscal implication to General Revenue related funds
during each of the first five years is estimated as follows:
Fiscal Year Probable Net Postive/(Negative)
General Revenue Related Funds
Funds
1998 ($517,949)
1999 0
2000 0
2001 0
2002 0
Similar annual fiscal implications would continue as long as
the provisions of the bill are in effect.
No significant fiscal implication to units of local government
is anticipated.
Source: Agencies: 455 Railroad Commission
305 General Land Office and Veterans' Land Board
LBB Staff: JK ,BB ,JH