LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session February 13, 1997 TO: Honorable Eddie Lucio, Jr., Chair IN RE: Senate Bill No. 141, Committee Report 1st House Committee on Intergovernmental Relations By: Cain Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB141 ( Relating to the power of a county to seize and sell abandoned real property for delinquent ad valorem taxes.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB141-Committee Report 1st House No significant fiscal implication to the State is anticipated. This bill would provide for the seizure and sale of abandoned real property located within a county if property taxes, interest, or penalty remained unpaid. The bill would limit the county's right of seizure to property that is located within a county, and is abandoned, unused, or vacant for at least one year. Properties subject to seizure would be limited to those properties subject to a lien for unpaid taxes for at least the preceding five years. The county tax collector would determine if the seizure of the property was in the best interest of the county and other taxing units based on an analysis of the outstanding taxes and assessments due and the costs of foreclosure. The seizure and sale may not be voided because of an error in determination. No significant fiscal implication to units of local government is anticipated. Source: Agencies: LBB Staff: JK ,TL ,BR