LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              April 23, 2001
  
  
          TO:  Honorable David Sibley, Chair, Senate Committee on
               Business & Commerce
  
        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.), Committee Report 1st House,
               Substituted
  
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*  No fiscal implication to the State is anticipated.                    *
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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, JO, DB, CL