LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 17, 2017 TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3178 by Anchia (Relating to the use of a broker for the exchange of land by a political subdivision.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Local Government Code to authorize political subdivisions to contract with a broker to lease or sell tract of real property that is owned by the political subdivision. It authorizes for payment of a fee upon production of a ready, willing, and able buyer. It requires notice to sell and exempts these sales from certain other statutory requirements. It removes two existing authorizations to sell real property through brokers.The bill would take effect immediately if it receives a vote of two-thirds of each house. If the bill does not receive the vote necessary for immediate effect, it would take effect September 1, 2017. Local Government Impact According to the Texas Municipal League, no significant fiscal impact to municipalities is anticipated. Source Agencies: LBB Staff: UP, JGA, GG, GP
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
April 17, 2017
TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB3178 by Anchia (Relating to the use of a broker for the exchange of land by a political subdivision.), As Introduced
TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB3178 by Anchia (Relating to the use of a broker for the exchange of land by a political subdivision.), As Introduced
Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB3178 by Anchia (Relating to the use of a broker for the exchange of land by a political subdivision.), As Introduced
HB3178 by Anchia (Relating to the use of a broker for the exchange of land by a political subdivision.), 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 Local Government Code to authorize political subdivisions to contract with a broker to lease or sell tract of real property that is owned by the political subdivision. It authorizes for payment of a fee upon production of a ready, willing, and able buyer. It requires notice to sell and exempts these sales from certain other statutory requirements. It removes two existing authorizations to sell real property through brokers.The bill would take effect immediately if it receives a vote of two-thirds of each house. If the bill does not receive the vote necessary for immediate effect, it would take effect September 1, 2017.
Local Government Impact
According to the Texas Municipal League, no significant fiscal impact to municipalities is anticipated.
Source Agencies:
LBB Staff: UP, JGA, GG, GP
UP, JGA, GG, GP