LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 80TH LEGISLATIVE REGULAR SESSION

March 12, 2007

TO:	Honorable Kip Averitt, Chair, Senate Committee on Natural Resources
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	SB455 by Watson (Relating to the authority of the General Land Office to accept grants.), As Introduced

No fiscal implication to the State is anticipated.

The bill would clarify that the General Land Office is authorized to receive and accept grants in the form of trusts, money, and real or personal property.

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, TL