LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 77th Regular Session
May 25, 2001
TO: Honorable Bill Ratliff, Lieutenant Governor
Honorable James E. "Pete" Laney, Speaker of the House
FROM: John Keel, Director, Legislative Budget Board
IN RE: HB2164 by Goolsby (Relating to the sale of Woodlawn by
the State Preservation Board.), Conference Committee
Report
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* Estimated Two-year Net Impact to General Revenue Related Funds for *
* HB2164, Conference Committee Report: impact of $0 through the *
* biennium ending August 31, 2003. *
* *
* 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 *
* 2002 $0 *
* 2003 0 *
* 2004 0 *
* 2005 0 *
* 2006 0 *
****************************************************
All Funds, Five-Year Impact:
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*Fiscal Probable Savings/(Cost) from Probable Revenue Gain/(Loss) *
* Year Capitol Renewal Account from Capitol Renewal Account *
* 2002 $(400,000) $5,000,000 *
* 2003 0 0 *
* 2004 0 0 *
* 2005 0 0 *
* 2006 0 0 *
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Fiscal Analysis
The bill would allow the State Preservation Board, after consultation
with the Texas Historical Commission and with the approval of the
Legislative Budget Board, the authority to sell Woodlawn. The General
Land Office would transact the sale of this property in behalf of the
State Preservation Board and the proceeds from the sale would be
deposited into a new account, Capitol Renewal Account for use by the
State Preservation Board.
Methodology
The agency has estimated the fair market value of the property to be
$5,000,000 and estimates that an expenditure of $400,000 (8%) would be
required in connection with the sale of the property.
The remaining $4,600,000 could only be used for the purpose of
maintaining and preserving the Capitol, the General Land Office
Building, their contents, and their grounds.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 809 State Preservation Board, 305 General Land
Office, 304 Comptroller of Public Accounts
LBB Staff: JK, SD, GS