LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
75th Regular Session
February 25, 1997
TO: Honorable Eddie Lucio, Jr., Chair IN RE: Senate Bill No. 544
Committee on Intergovernmental Relations By: Carona
Senate
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on SB544 ( Relating
to the procedure by which a municipality may dispose of certain
land.) this office has detemined the following:
Biennial Net Impact to General Revenue Funds by SB544-As Introduced
No fiscal implication to the State is anticipated.
This bill would allow municipalities to sell land owned, held,
or claimed as a park without seeking voter approval through
an election, as current law requires.
As a result of this
bill's enactment, a municipality selling park land would not
have to hold an election to submit the issue to voters. In
cases where this issue could already be included in a regularly
scheduled municipal election, no fiscal implication to units
of local government is anticipated. In cases where a special
election would have been required to decide the issue, this
bill would save the expense of an election, calculated at a
median cost of $0.40 per resident, based on a survey of local
governments.
The fiscal impact of a municipality selling
park land would depend on the size and location of the tract
and the property values in the area. Since municipalities are
not expected to exercise the option of selling park land very
frequently, no significant fiscal implication is anticipated.
Source: Agencies:
LBB Staff: JK ,TL