82R22450 MCK-D
 
  By: Brown H.B. No. 1727
 
  Substitute the following for H.B. No. 1727:
 
  By:  Callegari C.S.H.B. No. 1727
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the sale and sale and leaseback of certain state
  property.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subchapter B, Chapter 2165, Government Code, is
  amended by adding Section 2165.059 to read as follows:
         Sec. 2165.059.  SALE OR SALE AND LEASEBACK OF STATE
  BUILDINGS AND LAND.  (a)  The commission, with assistance from the
  asset management division of the General Land Office, shall study
  the financial implications for the state of selling state buildings
  and leasing office space for a period of 99 years.
         (b)  The commission, with assistance from the asset
  management division of the General Land Office, shall identify
  state buildings and underused or undeveloped land that could be
  sold or sold and leased back from the purchaser by the state under
  Section 31.151, Natural Resources Code. In making a determination
  under this section, the commission shall consider:
               (1)  the state's current need for office space and the
  projected need for office space;
               (2)  the potential uses for underused or undeveloped
  land;
               (3)  the fair market value of the buildings or land;
               (4)  the current and projected lease costs;
               (5)  any property tax implications resulting from the
  sale; and
               (6)  the terms of the leaseback agreement.
         SECTION 2.  Subchapter E, Chapter 31, Natural Resources
  Code, is amended by adding Section 31.151 to read as follows:
         Sec. 31.151.  SALE OR SALE AND LEASEBACK OF STATE BUILDINGS
  AND LAND. (a)  If the commissioner determines that the sale of one
  or more state buildings or parcels of underused or undeveloped land
  identified by the Texas Facilities Commission under Section
  2165.059, Government Code, is the best use of the building or land
  for the state, the commissioner shall sell the building or land to
  one or more purchasers.
         (b)  If the commissioner determines that the sale and
  leaseback of one or more state buildings sold under Subsection (a)
  is the most economical means of providing office space for the
  state, the commissioner may agree to lease the buildings back to the
  state under a long-term lease.
         (c)  Section 31.159 does not apply to a sale under this
  section.
         (d)  The lieutenant governor, the speaker of the house of
  representatives, and the governor shall appoint an oversight
  committee to receive information about the identification of state
  buildings and land under Section 2165.059, Government Code, and
  sale or sale and leaseback transactions under this section.  The
  oversight committee consists of four senators appointed by the
  lieutenant governor, four members of the house of representatives
  appointed by the speaker of the house of representatives, and one
  member of the public appointed by the governor. The public member
  serves a term of six years. The committee shall report to the
  lieutenant governor and the speaker of the house of representatives
  on any building or land recommended for sale and make any
  recommendations the committee determines are necessary.  The
  commissioner and the Texas Facilities Commission shall keep the
  committee informed.
         SECTION 3.  (a)  Not later than September 1, 2012, the Texas
  Facilities Commission shall develop a list of state buildings and
  underused or undeveloped land under Section 2165.059, Government
  Code, as added by this Act, the sale or sale and leaseback of which
  would raise revenue under Section 31.151, Natural Resources Code,
  as added by this Act.
         (b)  The comptroller may group the buildings and land
  identified under Subsection (a) of this section into packages that
  would each raise approximately $500 million in revenue.
         (c)  The governor shall appoint the public member of the
  oversight committee under Section 31.151(d), Natural Resources
  Code, as added by this Act, for a term expiring February 1, 2017.
         SECTION 4.  This Act takes effect September 1, 2011.