LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                             February 2, 2001
  
  
          TO:  Honorable Frank Madla, Chair, Senate Committee on
               Intergovernmental Relations
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  SB256  by Carona (Relating to the recovery by a taxing
               unit of certain costs on the resale of property bid off
               to the unit at a tax foreclosure sale.), As Introduced
  
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*  No fiscal implication to the State is anticipated.                    *
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Current law allows a property owner to redeem property sold at a tax
foreclosure sale.  If redeeming property during the first year following
the foreclosure sale, the redeeming owner must pay the purchaser the bid
amount, the deed recording fee, the taxes, penalties, and interest and
costs on the property.   In cases where the purchaser had been a taxing
unit, the bill would add a new cost that the redeeming owner would have
to reimburse to the taxing unit.

The bill could result in an increase in revenues to taxing units in the
form of additional cost reimbursements paid by delinquent taxpayers who
redeem property following a foreclosure sale.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   304   Comptroller of Public Accounts
LBB Staff:         JK, DB, BR