Texas House Bill HB267

Texas 2011 - 82nd Regular

• Out of House Committee: 4/12/11
• Introduced: 3/9/11
• Refer: 3/10/11
• Report Pass: 3/28/11

Caption

Relating to rate and damage schedules governing certain easements or other interests in land of The University of Texas System.

Impact

The passage of HB 267 is expected to have significant implications for how easements and land interests are valued and managed within the University of Texas System. By mandating the establishment of procedures for individuals to contest rates or damages, the bill seeks to create a more equitable system that acknowledges diverse perspectives regarding land valuation. This could foster more favorable conditions for negotiations between the university and private individuals or entities, potentially leading to resolutions that are beneficial for both sides.

Summary

House Bill 267 aims to address the rate and damage schedules that govern certain easements and interests in land associated with The University of Texas System. The bill focuses on establishing a procedural framework that allows individuals seeking such interests to dispute rates or damage schedules they believe do not reflect the fair market value of the interests being sought. This legislative measure introduces an avenue for potential negotiation or adjudication in cases where the established rates may appear unjust or inconsistent with market realities.

Contention

There may be concerns regarding the practical implementation of the procedures established by the bill, particularly in how they may affect the University of Texas System's ability to manage its property and land interests effectively. Critics might argue that allowing individuals to contest established rates could create delays and additional administrative burdens on the university. Furthermore, there could be debates around the interpretation of 'fair market value' and its application in various contexts, leading to disputes that complicate the ease of maintaining land interests in a dynamic real estate environment.