LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION March 18, 2011 TO: Honorable Garnet Coleman, Chair, House Committee on County Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB2690 by Deshotel (Relating to authorizing local governments to convey real property interests to other local governments for less than fair market value.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Local Government Code to exempt a local governmental entity from notice and bidding requirements for land sales at below market value if the land is to be sold or donated to another political subdivision and will benefit the public interest of the donating or selling subdivision. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies: LBB Staff: JOB, KKR, TP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION
March 18, 2011
TO: Honorable Garnet Coleman, Chair, House Committee on County Affairs FROM: John S O'Brien, Director, Legislative Budget Board IN RE:HB2690 by Deshotel (Relating to authorizing local governments to convey real property interests to other local governments for less than fair market value.), As Introduced
TO: Honorable Garnet Coleman, Chair, House Committee on County Affairs
FROM: John S O'Brien, Director, Legislative Budget Board
IN RE: HB2690 by Deshotel (Relating to authorizing local governments to convey real property interests to other local governments for less than fair market value.), As Introduced
Honorable Garnet Coleman, Chair, House Committee on County Affairs
Honorable Garnet Coleman, Chair, House Committee on County Affairs
John S O'Brien, Director, Legislative Budget Board
John S O'Brien, Director, Legislative Budget Board
HB2690 by Deshotel (Relating to authorizing local governments to convey real property interests to other local governments for less than fair market value.), As Introduced
HB2690 by Deshotel (Relating to authorizing local governments to convey real property interests to other local governments for less than fair market value.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Local Government Code to exempt a local governmental entity from notice and bidding requirements for land sales at below market value if the land is to be sold or donated to another political subdivision and will benefit the public interest of the donating or selling subdivision.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies:
LBB Staff: JOB, KKR, TP
JOB, KKR, TP