LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  May 8, 1997
         
         
      TO: Honorable Eddie Lucio, Jr., Chair            IN RE:  House Bill No. 3263, As Engrossed
          Committee on Intergovernmental Relations                              By: Dutton
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB3263 ( Relating 
to the authorization of an interlocal agreement between taxing 
units that provides for the disposal of tax foreclosed property 
at less than market value.) this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB3263-As Engrossed
         
No fiscal implication to the State is anticipated.
         

         
 
          
This bill would allow for the disposal of tax foreclosed property 
at less than market value by a municipality, if the property 
is to be used for urban redevelopment purposes.  However, since 
such sales would require the consent of each local taxing unit 
that is a party to the foreclosure judgment, it is expected 
that the taxing entities would enter into such agreements only 
in circumstances where the financial interest of each party 
involved was considered.  

No significant fiscal implication 
to units of local government is anticipated.
          
   Source:            Agencies:   
                                         
                      LBB Staff:   JK ,TL