LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  March 26, 1997
         
         
      TO: Honorable Rodney Ellis, Chair            IN RE:  Senate Bill No. 1559
          Committee on Jurisprudence                              By: Wentworth
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on SB1559 ( Relating 
to the sale of real property placed in the name of the state 
as a result of a tax foreclosure sale.) this office has detemined 
the following:
         
         Biennial Net Impact to General Revenue Funds by SB1559-As Introduced
         

No significant fiscal implication to the State is anticipated. 
 
         

         
 
This bill would amend the Natural Resources Code concerning 
School Land Board (the Board) sales of certain property owned 
by the state as a result of foreclosures on tax liens.  The 
bill would provide that such property is free of any lien, penalties 
or interest owed to a taxing unit that was a party to the tax 
delinquency judgment.  Further, the Board would not be required 
to pay any portion of the proceeds from the sale of such properties 
to a taxing unit that was a party to the tax delinquency judgment. 
  The sale of such property would vest a good and perfect title 
to the purchaser of the property.  

The General Land Office 
estimates no significant savings from this bill.  The Office 
of the Attorney General estimates that any legal work anticipated 
from this bill would be covered by existing funding.
          
No significant fiscal implication to units of local government 
is anticipated.  Local entities which were parties to the tax 
delinquency judgment would not recover their proportionate share 
of the judgment.  However, a small increase in tax revenue could 
be realized as a result of the property being returned to the 
tax rolls.  
          
   Source:            Agencies:   305   General Land Office and Veterans' Land Board
                                         302   Office of the Attorney General
                                         
                      LBB Staff:   JK ,BB ,NT