Relating to authorizing the sale by the State of Texas of certain real property located in Austin, Texas.
The proceeds from the sale of these properties are designated to be deposited into the state's general revenue fund. This move is expected to contribute financially to the state's budget, which may subsequently be allocated to various state-funded programs or services. Additionally, the bill outlines that the sale is contingent upon the construction and occupation of an alternative facility for state records, which indicates an intention to maintain continuity in public service and information management.
SB1012 is a legislative proposal that aims to authorize the sale of certain state-owned real property located in Austin, Texas. Specifically, the bill pertains to two parcels: a 20.3127-acre property at 4400 Shoal Creek Boulevard and a 7.5-acre portion of a 66-acre tract at 909 W. 45th Street. The bill mandates that the General Land Office is responsible for offering these properties for sale and ensuring the transaction aligns with the relevant provisions of the Texas Natural Resources Code.
Notably, there may be points of contention surrounding the implications of selling state property, particularly if community stakeholders raise concerns regarding the loss of public land. Additionally, if the sale proceeds do not meet expectations, or if there are delays in the construction of the alternative state records facility, it could impact public services and operational efficiency in managing state records. Therefore, balancing economic benefits with the need for public accountability and access to information will be critical as this bill progresses.