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 ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** 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