LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 77th Regular Session May 3, 2001 TO: Honorable Gary Walker, Chair, House Committee on Land & Resource Management FROM: John Keel, Director, Legislative Budget Board IN RE: SB980 by Carona (Relating to the imposition by a municipality of a moratorium on property development in certain circumstances.), As Engrossed ************************************************************************** * No fiscal implication to the State is anticipated. * ************************************************************************** The bill would set forth procedures that municipalities must follow when placing a moratorium on property development affecting only residential property. A municipality would be required to conduct public hearings, publish notice of the hearings, and issue written findings to justify the moratorium. A temporary moratorium would go into effect beginning on the fifth business day after notice of a hearing is published. If a municipality wanted to extend the moratorium past the 120 days allowed in the proposed statute, another public hearing and written findings would be required. Procedures would also be required to permit landowners to apply for waivers. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: 304 Comptroller of Public Accounts LBB Staff: JK, CL, JO, DB