Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
FROM:
John S. O'Brien, Director, Legislative Budget Board
IN RE:
SB1478 by Carona (Relating to the authority of hospital districts to lease undeveloped real property.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Health and Safety Code to authorize a hospital district to lease undeveloped real property for not more than 50 years to provide for the development and construction of facilities designed to generate revenue for the financial benefit of the district.
Local Government Impact
It is assumed that a hospital district would enter into a lease only if sufficient resources were available and if the district anticipates sufficient revenue would be generated as a result of development on the property.