LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

May 9, 2009

TO:	Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	HB1407 by Geren (Relating to the redemption of real property sold at an ad valorem tax sale.), As Engrossed

No significant fiscal implication to the State is anticipated.

The bill would alter the requirements for the owner of real property sold at a tax sale to redeem the real property by paying the required amount to the assessor-collector for the county in which the property was sold.

Local Government Impact

No significant fiscal implication to units of local government is anticipated.

Source Agencies:

LBB Staff:

JOB, MN, SD, SJS