LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 76th Regular Session May 4, 1999 TO: Honorable Gary Walker, Chair, House Committee on Land & Resource Management FROM: John Keel, Director, Legislative Budget Board IN RE: SB 1446 by Barrientos (relating to authorizing the General Services Commission to convey certain state-owned property to the City of Austin), Committee Report 2nd House, as amended ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The General Services Commission (GSC), subject to the approval of the Legislative Budget Board and Office of the Governor, may convey, on behalf of the state, the state's interest in the real property described in the bill. The proceeds from the conveyance shall be deposited in the state treasury and may be used only by the GSC for deposit into the interest and sinking fund of the outstanding bonds related to the property in amounts sufficient to defease said bonds. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: 303 General Services Commission LBB Staff: JK, DE, SD