LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION May 18, 2015 TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1754 by Pickett (Relating to the conveyance of property by a municipality for the public purpose of economic development.), As Engrossed No fiscal implication to the State is anticipated. The bill would amend the Local Government Code to permit certain municipalities to enter into agreements to transfer real property or interest in real property if the property is to be used in a manner that promotes public economic development and the municipality has sufficient control to ensure the agreed purpose is reached. The bill would require a municipality to provide notice to the general public before making a transfer under the agreement. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: UP, CL, SD, EK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 84TH LEGISLATIVE REGULAR SESSION
May 18, 2015
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB1754 by Pickett (Relating to the conveyance of property by a municipality for the public purpose of economic development.), As Engrossed
TO: Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB1754 by Pickett (Relating to the conveyance of property by a municipality for the public purpose of economic development.), As Engrossed
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Honorable Kevin Eltife, Chair, Senate Committee on Business & Commerce
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB1754 by Pickett (Relating to the conveyance of property by a municipality for the public purpose of economic development.), As Engrossed
HB1754 by Pickett (Relating to the conveyance of property by a municipality for the public purpose of economic development.), 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 permit certain municipalities to enter into agreements to transfer real property or interest in real property if the property is to be used in a manner that promotes public economic development and the municipality has sufficient control to ensure the agreed purpose is reached. The bill would require a municipality to provide notice to the general public before making a transfer under the agreement.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: UP, CL, SD, EK
UP, CL, SD, EK