LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                              April 21, 1999
  
  
          TO:  Honorable Gary Walker, Chair, House Committee on Land &
               Resource Management
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB 3419 by Maxey (relating to authorizing the General
               Services Commission to convey certain state-owned
               property to the City of Austin), Committee Report 1st
               House, Substituted
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill requires that the proceeds from the conveyance of the property
are to be deposited into an interest and sinking fund to be used only
for the repayment of outstanding bonds related to the property.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   303   General Services Commission
LBB Staff:         JK, DE