LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session May 11, 1999 TO: Honorable J.E. "Buster" Brown, Chair, Senate Committee on Natural Resources FROM: John Keel, Director, Legislative Budget Board IN RE: HB 2019 by Staples (Relating to the conveyance of certain state-owned real property in Cherokee County to the City of Rusk.), As Engrossed ************************************************************************** * No significant fiscal implication to the State is anticipated. * * * * The bill would make no appropriation but could provide the legal * * basis for an appropriation of funds to implement the provisions of * * the bill. * ************************************************************************** The bill would authorize the sale of 12.74 acres of land owned by the Department of Mental Health and Mental Retardation (MHMR) to the City of Rusk. Proceeds from the sale are to be deposited in the Texas Capital Trust Fund and may be appropriated only for improvements of MHMR facilities. In 1997, the General Land Office (GLO) appraised the property at $51,000. The bill would require the GLO to conduct another appraisal of the property to determine its fair market value. That review is currently underway and could result in a change in the property value. Local Government Impact No fiscal implication to units of local government is anticipated. The fiscal impact to the City of Rusk is noted above. Source Agencies: 655 Texas Department of Mental Health and Mental Retardation, 305 General Land Office and Veterans' Land Board, 304 Comptroller of Public Accounts LBB Staff: JK, DE, MG