LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION May 8, 2017 TO: Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations 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 certain political subdivisions.), As Engrossed No significant fiscal implication to the State is anticipated. The bill would amend the Local Government Code to authorize certain 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.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
May 8, 2017
TO: Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations 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 certain political subdivisions.), As Engrossed
TO: Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
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 certain political subdivisions.), As Engrossed
Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
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 certain political subdivisions.), As Engrossed
HB3178 by Anchia (Relating to the use of a broker for the exchange of land by certain political subdivisions.), As Engrossed
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 certain 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.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