LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 76th Regular Session
April 8, 1999
TO: Honorable J.E. "Buster" Brown, Chair, Senate Committee on
Natural Resources
FROM: John Keel, Director, Legislative Budget Board
IN RE: SB 459 by Moncrief (Relating to the conveyance of certain
state-owned real property by the Texas Department of
Mental Health and Mental Retardation.), As Introduced
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* Estimated Two-year Net Impact to General Revenue Related Funds for *
* SB459, As Introduced: positive impact of $0 through the biennium *
* ending August 31, 2001. *
* *
* The bill would make no appropriation but could provide the legal *
* basis for an appropriation of funds to implement the provisions of *
* the bill. *
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General Revenue-Related Funds, Five-Year Impact:
****************************************************
* Fiscal Year Probable Net Positive/(Negative) *
* Impact to General Revenue Related *
* Funds *
* 2000 $0 *
* 2001 0 *
* 2002 0 *
* 2003 0 *
* 2004 0 *
****************************************************
All Funds, Five-Year Impact:
*****************************************************
* Fiscal Year Probable Revenue Gain/(Loss) from *
* Texas Capital Trust Account/ *
* GR-Dedicated *
* 0543 *
* 2000 $0 *
* 2001 13,793,420 *
* 2002 0 *
* 2003 0 *
* 2004 0 *
*****************************************************
Fiscal Analysis
The bill would authorize the Department of Mental Health and Mental
Retardation (MHMR) to sell 57 bond-funded community-based facilities
located across the state. Proceeds from the sales would be deposited to
the Texas Capital Trust Fund (General Revenue-Dedicated Account 543).
Proceeds in the Capital Trust Fund may be appropriated only to MHMR.
The bill would also exempt the transactions associated with these 57
facilities from the sale and lease authority of the General Land Office
(GLO).
Methodology
The Asset Management Division of the GLO has conducted appraisals of the
57 facilities related to the bill. The appraisals indicate that the 57
properties have a combined market value of $13,793,420. It is assumed
that these facilities would all be sold in fiscal year 2001, which would
allow time for the MHMR to negotiate the transactions in fiscal year
2000.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JK, DE, MG