LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 10, 2017 TO: Honorable Abel Herrero, Chair, House Committee on Land & Resource Management FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2090 by VanDeaver (Relating to compensation for heritage property acquired through eminent domain.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Property Code requiring property owned by a single family for 100 years or more to be designated as a heritage property. If heritage property is acquired through eminent domain a bona fide offer must equal or greater than 150 percent of the amount of written appraisal and the damages, if any, to the property owner's remaining property. The bill would take effect September 1, 2017. Local Government Impact According to the Texas Municipal League the fiscal impact cannot be determined but it is anticipated to raise costs to local government. Source Agencies: LBB Staff: UP, SZ, GG, BM
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
April 10, 2017
TO: Honorable Abel Herrero, Chair, House Committee on Land & Resource Management FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2090 by VanDeaver (Relating to compensation for heritage property acquired through eminent domain.), As Introduced
TO: Honorable Abel Herrero, Chair, House Committee on Land & Resource Management
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2090 by VanDeaver (Relating to compensation for heritage property acquired through eminent domain.), As Introduced
Honorable Abel Herrero, Chair, House Committee on Land & Resource Management
Honorable Abel Herrero, Chair, House Committee on Land & Resource Management
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2090 by VanDeaver (Relating to compensation for heritage property acquired through eminent domain.), As Introduced
HB2090 by VanDeaver (Relating to compensation for heritage property acquired through eminent domain.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Property Code requiring property owned by a single family for 100 years or more to be designated as a heritage property. If heritage property is acquired through eminent domain a bona fide offer must equal or greater than 150 percent of the amount of written appraisal and the damages, if any, to the property owner's remaining property. The bill would take effect September 1, 2017.
Local Government Impact
According to the Texas Municipal League the fiscal impact cannot be determined but it is anticipated to raise costs to local government.
Source Agencies:
LBB Staff: UP, SZ, GG, BM
UP, SZ, GG, BM