LEGISLATIVE BUDGET BOARD
Austin, Texas
 
FISCAL NOTE, 79TH LEGISLATIVE REGULAR SESSION
 
April 5, 2005

TO:
Honorable Anna Mowery, Chair, House Committee on Land & Resource Management
 
FROM:
John S. O'Brien, Deputy Director, Legislative Budget Board
 
IN RE:
HB2217 by McCall (Relating to the management of public school land and the permanent school fund.), As Introduced

No significant fiscal implication to the State is anticipated.

The bill revises statute to allow for the implementation of several of the recommendations made in a June 2004 State Auditor Office audit report on the General Land Office’s (GLO) Asset Management Division including allowing the School Land Board (SLB) to set sales prices on real property and allowing the SLB to appoint fund managers to help manage real estate investments.  According to the GLO, any costs associated with these revisions can be absorbed within existing agency resources.   

Local Government Impact

No fiscal implication to units of local government is anticipated.


Source Agencies:
305 General Land Office and Veterans' Land Board
LBB Staff:
JOB, WK, ZS, JF