| TO: | Honorable Mike Krusee, Chair, House Committee on Transportation |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | HB2268 by Murphy (Relating to certain acquisitions of real property by the Texas Department of Transportation for highway purposes.), Committee Report 1st House, Substituted |
The bill would amend the Transportation Code to authorize the Texas Transportation Commission to purchase an interest in real property, including a fee title, easement, or a leasehold, or an option to acquire such interest real property that is identified for possible use in a transportation facility.
TxDOT indicates that the advanced acquisition of property for transportation facilities as authorized by the bill could result in savings in the department's right-of-way costs. It is assumed any savings of highway funding realized by TxDOT as a result of the provisions of the bill would be applied to other transportation projects.
The bill would take effect immediately upon receiving a vote of two-thirds of all members elected to each house or otherwise on September 1, 2007.
| Source Agencies: | 601 Department of Transportation
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| LBB Staff: | JOB, KJG, TG
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