LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session May 29, 1997 TO: Honorable Bob Bullock IN RE: Senate Bill No. 1766, As Passed 2nd House Lieutenant Governor Moncrief Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on SB1766 ( relating to the creation, administration, powers, duties, operations, and financing of the Westworth Village-White Settlement Redevelopment Authority; granting the power of eminent domain.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by SB1766-As Passed 2nd House No significant fiscal implication to the State is anticipated. Fiscal Analysis The bill would create the Westworth Village-White Settlement Redevelopment Authority to accept title from the United States to all or any portion of the real property within Carswell Air Force Base. The bill would specify the powers and duties of the authority, including the power to dispose of property, to borrow money, and to exercise powers as granted to municipalities in Chapters 373 and 380 of the Local Government Code. The bill would also specify that the property, revenues and income of the authority would be exempt from all state and local taxes. Methodology The Mayor s Office of Westworth Village was contacted for information. The office indicated that the fiscal impact on local governments would be minimal in the initial stages but could be positive in the future as the land is developed. Federal property, including military bases, is generally exempt from state taxation. A closed military base could potentially remain exempt if owned and leased by the federal government to private entities, except that private improvements and activity could be subject to taxation. However, no significant fiscal implication to the state is anticipated from retaining the property's tax exempt status. Source: Agencies: 304 Comptroller of Public Accounts LBB Staff: JK ,TH ,JD