LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 26, 1997
         
         
      TO: Honorable Fred M. Bosse, Chair            IN RE:  House Bill No. 2610, Committee Report 1st House, Substituted
          Committee on Land and Resource Management                              By: Pitts
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB2610 ( Relating 
to the management, control, disposition, and status of certain 
state land, including land owned or used for the site of the 
superconducting super collider research facility.) this office 
has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB2610-Committee Report 1st House, Substituted
         

Implementing the provisions of the bill would result in a 
net negative impact of $(873,000) to General Revenue Related 
Funds through the biennium ending August 31, 1999.
         
The bill would make no appropriation but could provide the legal 
basis for an appropriation of funds to implement the provisions 
of the bill.

         
 
Fiscal Analysis
 
The bill would allow the General Land Office (GLO) to dedicate 
roads on the Superconducting Super Collider Research Facility 
(SSC) site to a county if such dedication would enhance the 
value to the land.  The bill would allow the sale of the SSC 
surface estate owned by the state to also convey the state's 
interest in the subsurface estate for a fee mutually agreed 
to by both parties.  The bill would grant a person from whom 
the state acquired a SSC surface tract a preference right to 
reacquire that tract at fair market value.  The bill would transfer 
the power and authority to manage, control, market, and dispose 
of the SSC property to the GLO effective September 1, 1997. 

 
Methodolgy
 
According to the GLO, the bill would enhance the possibilities 
of disposing of the SSC site.  The GLO has requested $873,000 
to manage, control, market, and dispose of the SSC property 
for fiscal year 1998.  GLO has also requested funding to manage 
the SSC property in other years; GLO has estimated that sale 
of the property would produce sufficient funds to meet agency 
needs.  Most of the proceeds derived from sale of property would 
be used to retire bond debt incurred by the state to construct 
and operate the SSC.  GLO has recently estimated that disposition 
of the SSC real property and assets will result in proceeds 
of $15 million. 
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           Probable Revenue   
            Savings/(Cost)     Gain/(Loss) from                                                           
            from General       TPFA GO                                                                    
            Revenue Fund       Superconducting                                                            
                               Supercollider                                                              
                               Escrow Fund                                                                
            0001               0781                                                                        
       1998        ($873,000)                $0                                                      
       1998                 0         (873,000)                                                      
       2000                 0         (873,000)                                                      
       2001                 0         (873,000)                                                      
       2002                 0         (873,000)                                                      
 


 
         Net Impact on General Revenue Related Funds:
 

 
              Fiscal Year      Probable Net Postive/(Negative)
                               General Revenue Related Funds
                                             Funds
               1998           ($873,000)
               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.  However, sale of the SSC land would add revenue 
to local governments as the property would be added back to 
the local tax base.
          
   Source:            Agencies:   305   General Land Office and Veterans' Land Board
                                         
                      LBB Staff:   JK ,BB ,JH