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