LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session April 28, 1999 TO: Honorable J.E. "Buster" Brown, Chair, Senate Committee on Natural Resources FROM: John Keel, Director, Legislative Budget Board IN RE: HB 664 by Chisum (Relating to the sale of certain land by the Texas Department of Health.), As Engrossed ************************************************************************** * Estimated Two-year Net Impact to General Revenue Related Funds for * * HB664, As Engrossed: positive impact of $0 through the biennium * * ending August 31, 2001. * * * * The bill would make no appropriation but could provide the legal * * basis for an appropriation of funds to implement the provisions of * * the bill. * ************************************************************************** General Revenue-Related Funds, Five-Year Net Impact: **************************************************** * Fiscal Year Probable Net Positive/(Negative) * * Impact to General Revenue Related * * Funds * * 2000 $0 * * 2001 0 * * 2002 0 * * 2003 0 * * 2004 0 * **************************************************** All Funds, Five-Year Impact: ***************************************************** * Fiscal Year Probable Revenue Gain/(Loss) from * * Texas Capital Trust Account/ * * GR-Dedicated * * 0543 * * 2000 $206,000 * * 2001 0 * * 2002 0 * * 2003 0 * * 2004 0 * ***************************************************** Fiscal Analysis The bill would amend the Health and Safety Code to allow the Texas Department of Health (TDH) to sell acquired lands that had been affected by by-product material from the extraction of uranium or similar material. The TDH would be required to restore land to a condition that did not compromise the public health or safety or the environment. The land would be sold, at fair market value, by the General Land Office (GLO), with the proceeds from the transaction deposited in the Texas Capital Trust Account 0543 in the General Revenue Fund. Methodology The bill could affect a potential one-time revenue gain to the Capital Trust Fund Account 0543 (General Revenue-Dedicated) from the sale of a specific 515 acre tract of land in Karnes County. Although a GLO staff appraisal in 1998 indicated the market value at $206,000, a new appraisal would be necessary to determine the current market value and the new probable sales price. The GLO estimates that a new appraisal would cost approximately $2,197. There are no additional costs to remediate the land according to TDH as total remediation was completed three years ago. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 304 Comptroller Of Pub Accts, 501 Department Of Health, 305 General Land Office and Veterans' Land Board LBB Staff: JK, DE, MF, TT