LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 82ND LEGISLATIVE REGULAR SESSION May 13, 2011 TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations 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 Engrossed 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
May 13, 2011
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations 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 Engrossed
TO: Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
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 Engrossed
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
Honorable Royce West, Chair, Senate Committee on Intergovernmental Relations
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 Engrossed
HB2690 by Deshotel (Relating to authorizing local governments to convey real property interests to other local governments for less than fair market value.), As Engrossed
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