Honorable Joe Straus, Speaker of the House, House of Representatives
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
HB2859 by Miller, Doug (Relating to notice requirements for a county selling surplus or salvage property.), As Passed 2nd House
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to add a requirement that if a county contracts with a licensed auctioneer who uses an Internet auction site offering online bidding to sell surplus or salvage property having an estimated value of not more than $500, the county would be considered in compliance with publishing notice if a posting is made on the Internet auction site for at least 10 days, unless the property is sold before the 10th day.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.