LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session April 6, 2001 TO: Honorable Gary Walker, Chair, House Committee on Land & Resource Management FROM: John Keel, Director, Legislative Budget Board IN RE: HB3558 by Junell (Relating to the sale, lease, and purchase of interests in real property for the permanent school fund.), As Introduced ************************************************************************** * No significant fiscal implication to the State is anticipated. * ************************************************************************** The bill amends the Natural Resources Code to provide flexibility to the General Land Office by making proceeds for mineral leases and royalties available to the School Land Board for the acquisition of real property and mineral interests to the credit of the Permanent School Fund. Enactment of the legislation may impact the corpus of the Permanent School Fund. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies: 305 General Land Office, 701 Texas Education Agency, 304 Comptroller of Public Accounts LBB Staff: JK, CL, UP