LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 76th Regular Session
  
                            February 13, 1999
  
  
          TO:  Honorable Frank Madla, Chair, Senate Committee on
               Intergovernmental Relations
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB 340  by Madla (Relating to the conveyance of property
               by a municipality to a municipally created development
               corporation.), As Introduced
  
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*  No fiscal implication to the State is anticipated.                    *
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Local Government Impact
  
The bill's provision allowing the conveyance of property without
competitive bidding requirements could result in cost savings to
municipalities. The savings would depend on current competitive bidding
administrative and publishing costs in a particular municipality.
  
  
Source Agencies:   
LBB Staff:         JK, TL