LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 24, 2009 TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB590 by Jackson, Mike (Relating to a requirement that the board of directors of an appraisal district develop a plan for reappraising property after a natural disaster.), Committee Report 1st House, Substituted No fiscal implication to the State is anticipated. The bill would require the board of directors of an appraisal district to include in its biennial plan for reappraisal of property, requirements for the reappraisal of property after a natural disaster occurs. The district would be required to include in the plan an explanation of the process for reappraising property after a natural disaster and the method for determining the cost of the reappraisal. The proposed change would apply only to a plan approved on or after the effective date of the bill, which would be immediately if it receives the required two-thirds vote in each house; otherwise, the effective date would be September 1, 2009. Local Government Impact It is anticipated that any administrative costs associated with implementing the provisions of the bill could be absorbed using existing resources. No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, DB, MN
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 24, 2009
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB590 by Jackson, Mike (Relating to a requirement that the board of directors of an appraisal district develop a plan for reappraising property after a natural disaster.), Committee Report 1st House, Substituted
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB590 by Jackson, Mike (Relating to a requirement that the board of directors of an appraisal district develop a plan for reappraising property after a natural disaster.), Committee Report 1st House, Substituted
Honorable Steve Ogden, Chair, Senate Committee on Finance
Honorable Steve Ogden, Chair, Senate Committee on Finance
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB590 by Jackson, Mike (Relating to a requirement that the board of directors of an appraisal district develop a plan for reappraising property after a natural disaster.), Committee Report 1st House, Substituted
SB590 by Jackson, Mike (Relating to a requirement that the board of directors of an appraisal district develop a plan for reappraising property after a natural disaster.), Committee Report 1st House, Substituted
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would require the board of directors of an appraisal district to include in its biennial plan for reappraisal of property, requirements for the reappraisal of property after a natural disaster occurs. The district would be required to include in the plan an explanation of the process for reappraising property after a natural disaster and the method for determining the cost of the reappraisal. The proposed change would apply only to a plan approved on or after the effective date of the bill, which would be immediately if it receives the required two-thirds vote in each house; otherwise, the effective date would be September 1, 2009.
The bill would require the board of directors of an appraisal district to include in its biennial plan for reappraisal of property, requirements for the reappraisal of property after a natural disaster occurs. The district would be required to include in the plan an explanation of the process for reappraising property after a natural disaster and the method for determining the cost of the reappraisal. The proposed change would apply only to a plan approved on or after the effective date of the bill, which would be immediately if it receives the required two-thirds vote in each house; otherwise, the effective date would be September 1, 2009.
Local Government Impact
It is anticipated that any administrative costs associated with implementing the provisions of the bill could be absorbed using existing resources. No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, DB, MN
JOB, DB, MN