LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION

April 7, 2009

TO:	Honorable Kip Averitt, Chair, Senate Committee on Natural Resources
FROM:	John S. O'Brien, Director, Legislative Budget Board
IN RE:	SB2049 by Averitt (Relating to the authority of the state to acquire, sell, or exchange certain land.), As Introduced

Estimated Two-year Net Impact to General Revenue Related Funds for SB2049, As Introduced: a negative impact of ($200,000) through the biennium ending August 31, 2011.

The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.

General Revenue-Related Funds, Five-Year Impact:

Fiscal Year	Probable Net Positive/(Negative) Impact to General Revenue Related Funds
2010	($200,000)
2011	$0
2012	$0
2013	$0
2014	$0

All Funds, Five-Year Impact:

Fiscal Year	Probable Savings/(Cost) from General Revenue Fund 1	Probable Savings/(Cost) from New Other--Farm and Ranch Land Conservation Fund	Probable Revenue Gain/(Loss) from New Other--Farm and Ranch Land Conservation Fund
2010	($200,000)	($100,000)	$100,000
2011	$0	($100,000)	$100,000
2012	$0	($100,000)	$100,000
2013	$0	($100,000)	$100,000
2014	$0	($100,000)	$100,000

Fiscal Analysis

The bill would authorize Land Commissioner to accept grants, gifts, devises, or bequests, either absolutely or in trust, of money or real or personal property on behalf of the state. The bill also would authorize the Land Commissioner to sell any title or interest acquired by the state in accordance with Natural Resources Code, Section 31.158. Proceeds of the sale would be deposited in the Texas Farm and Ranch Lands Conservation Fund established under Natural Resources Code, Chapter 183.

Methodology

This estimate assumes that the General Land Office (GLO) would likely receive revenue into the Texas Farm and Ranch Land Conservation (FRLC) Fund due to the sale and disposition of property. This estimate assumes that in the first year after enactment, no revenues would accrue to the FRLC Fund. Instead, the General Land Office would require $200,000 in General Revenue to establish the program, including funds to prepare for acquisitions and depositions. Beginning in fiscal year 2011, this estimate assumes that $100,000 in revenues would accrue to the FRLC and that the agency would receive appropriations from this account in a like amount to continue to acquire and dispose of FRLC lands.

The actual amount of revenues and expenditures from the FRLC in 2011-2015 could be significantly higher or lower than the amounts shown in this estimate and would depend on the number of grants, gifts, devises, or bequests given to the state under the FRLC program and the value of such lands.

Local Government Impact

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

Source Agencies:

305 General Land Office and Veterans' Land Board, 701 Central Education Agency

LBB Staff:

JOB, WK, ZS, TL, SD, TP