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:HB2556 by Holland (Relating to the appraisal required in connection with a bona fide offer to acquire real property by an entity with eminent domain authority.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Property Code relating to bona fide offer to acquire property through eminent domain authority. The offer must include construction, maintenance, repair, replacement, or removal of structures or other person or real 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:HB2556 by Holland (Relating to the appraisal required in connection with a bona fide offer to acquire real property by an entity with eminent domain authority.), As Introduced
TO: Honorable Abel Herrero, Chair, House Committee on Land & Resource Management
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2556 by Holland (Relating to the appraisal required in connection with a bona fide offer to acquire real property by an entity with eminent domain authority.), 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
HB2556 by Holland (Relating to the appraisal required in connection with a bona fide offer to acquire real property by an entity with eminent domain authority.), As Introduced
HB2556 by Holland (Relating to the appraisal required in connection with a bona fide offer to acquire real property by an entity with eminent domain authority.), 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 relating to bona fide offer to acquire property through eminent domain authority. The offer must include construction, maintenance, repair, replacement, or removal of structures or other person or real 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