| TO: | Honorable Frank Madla, Chair, Senate Committee on Intergovernmental Relations |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | SB1505 by Armbrister (Relating to the transfer of an ad valorem tax lien and to a contract for foreclosure of an ad valorem tax lien.), As Introduced |
Passage of the bill would impact only private property rights of subsequent holders of property tax liens and owners of property previous and subsequent to a property tax foreclosure sale. Therefore, no fiscal implication to the State or units of local government is anticipated.
| Source Agencies: | 304 Comptroller of Public Accounts
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| LBB Staff: | JOB, DLBa, WP, DLBe
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