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 aquire, sell, or exchange certain land.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
The bill would allow the Land Commissioner to sell any title or interest acquired by the state under this section in accordance with Natural Resource Code, Section 31.158. Proceeds of the sale would be deposited in the Texas Farm and Ranch Lands Conservation Fund. Although it is likely that some property would be disposed of and that asssociated revenues would be deposited to the Texas Farm and Ranch Land Conservation fund upon passage of the bill, this estimate does not assume that the amount would be significant. It is also expected that the General Land Office could absorb any costs associated with admininstering the provisions of the bill.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.