Honorable John T. Smithee, Chair, House Committee on Judiciary & Civil Jurisprudence
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
SB450 by Schwertner (Relating to the liability of a political subdivision of this state for certain claims relating to land acquired by the political subdivision under certain circumstances.), As Engrossed
No fiscal implication to the State is anticipated.
The bill would amend Chapter 101 of the Civil Practice and Remedies Code. Section 101.064 of that code would apply to any political subdivision of this state, not just municipalities. With respect to these political subdivisions, Chapter 101 would not apply to certain claims against political subdivisions that acquire foreclosed property or property conveyed to the political subdivision to satisfy a property tax debt.
The bill would not affect taxable property values, tax rates, collection rates, or any other variable which might affect the revenues of units of local governments or the state.
The bill would take effect on September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.