LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION March 23, 2015 TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1716 by Oliveira (Relating to the term for a lease of land owned by certain navigation districts.), As Introduced No fiscal implication to the State is anticipated. The bill would amend the Water Code to permit certain navigation districts to lease the surface of land for up to 50 years. Local Government Impact There would be a fiscal impact on navigation districts in savings of the decreasing cost of legal fees, the drafting of new contracts, and advertisement and filing fees. There would be revenue gain for navigation districts from the increased value of longer term contracts. These amounts would vary depending on the entity and terms of the lease. The Port Isabel-San Benito Navigation District reported $2,170 savings in renewal requirements of leases and $94,500 in revenue gains from increased lease value to tenants. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, CL, SD, EK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
March 23, 2015
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1716 by Oliveira (Relating to the term for a lease of land owned by certain navigation districts.), As Introduced
TO: Honorable René Oliveira, Chair, House Committee on Business & Industry
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1716 by Oliveira (Relating to the term for a lease of land owned by certain navigation districts.), As Introduced
Honorable René Oliveira, Chair, House Committee on Business & Industry
Honorable René Oliveira, Chair, House Committee on Business & Industry
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1716 by Oliveira (Relating to the term for a lease of land owned by certain navigation districts.), As Introduced
HB1716 by Oliveira (Relating to the term for a lease of land owned by certain navigation districts.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
The bill would amend the Water Code to permit certain navigation districts to lease the surface of land for up to 50 years.
Local Government Impact
There would be a fiscal impact on navigation districts in savings of the decreasing cost of legal fees, the drafting of new contracts, and advertisement and filing fees. There would be revenue gain for navigation districts from the increased value of longer term contracts. These amounts would vary depending on the entity and terms of the lease. The Port Isabel-San Benito Navigation District reported $2,170 savings in renewal requirements of leases and $94,500 in revenue gains from increased lease value to tenants.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, CL, SD, EK
UP, CL, SD, EK