LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 76th Regular Session
April 6, 1999
TO: Honorable J.E. "Buster" Brown, Chair, Senate Committee on
Natural Resources
FROM: John Keel, Director, Legislative Budget Board
IN RE: SB 396 by Moncrief (Relating to the conveyance of certain
state-owned real property in Howard and Tarrant
counties.), As Introduced
**************************************************************************
* No significant fiscal implication to the State is anticipated. *
**************************************************************************
Fiscal Analysis
The bill would authorize the Texas Department of Mental Health and Mental
Retardation (MHMR) to convey all of the state's interest, with the
exception of oil, gas, and mineral rights, in two parcels of property
currently owned by the MHMR.
Methodology
The 1998 General Land Office Real Property Evaluation Report recommended
the sale, lease or transfer of these properties to community service
providers. If the tracts were sold, based on their most recent market
value, $460,000 could be generated from the sale of property in Big
Spring and $2.1 million from the sale of the property in Fort Worth,
resulting in a positive impact to the General Revenue fund of $2.5
million.
Technology Impact
N/A
Local Government Impact
The counties receiving the donated land and improvements benefit by the
individual properties being added to the respective county's asset base.
These counties would also be able to continue to provide community
based mental health and mental retardation services while utilizing the
property under their respective jurisdictions.
Source Agencies:
LBB Staff: JK, DE, MF, TT