Honorable Tom Craddick, Chair, House Committee on Land & Resource Management
FROM:
John McGeady, Assistant Director Sarah Keyton, Assistant Director Legislative Budget Board
IN RE:
SB421 by Kolkhorst (Relating to the acquisition of real property by an entity with eminent domain authority.), As Engrossed
No significant fiscal implication to the State is anticipated.
The bill would amend various sections of the Property Code related to acquisition of real property by a private entity with eminent domain authority. The bill defines private entity. The bill specifies certain elements that must be included for a bona fide offer made for a pipeline or electric transmission project proposed by a private entity. The bill specifies certain requirements for the terms of conveyance for private entity condemnations and provides judicial relief for a conveyance that does not comply with these terms. The bill requires meetings with certain property owners potentially affect by the project, defines certain requirements for these meetings, and provides judicial relief for a meeting that does not comply with these requirements. The bill includes additional considerations for determining injury or benefit to property remaining after a condemnation.
According to the Railroad Commission, no fiscal implication to the State is anticipated.
According to the Public Utility Commission (PUC), the bill would have no significant fiscal impact on the agency and any provisions of the bill could be accomplished within existing resources.
Local Government Impact
According to the Railroad Commission, no fiscal implication to units of local government is anticipated.
Source Agencies:
455 Railroad Commission, 473 Public Utility Commission of Texas