Honorable Garnet Coleman, Chair, House Committee on County Affairs
FROM:
John S O'Brien, Director, Legislative Budget Board
IN RE:
HB2690 by Deshotel (Relating to authorizing local governments to convey real property interests to other local governments for less than fair market value.), As Introduced
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to exempt a local governmental entity from notice and bidding requirements for land sales at below market value if the land is to be sold or donated to another political subdivision and will benefit the public interest of the donating or selling subdivision.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.