LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 22, 2021 TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1838 by Eckhardt (relating to the grant of a 99-year lease of certain state property and certain easements to the Capital Metropolitan Transportation Authority.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The bill would amend Chapter 34 of the General Laws, Acts of the 33rd Legislature, Regular Session, 1913, to reset the lease term between the State of Texas (lessor) and the City of Austin (lessee) on the plot or square of land described in Section 1 of the Act for 99 years from the effective date of the bill. The bill would also grant for a period of 99 years subsurface use rights of the property extending to the centerlines of the bordering streets as described in Section 1 of the Act to the Capital Metropolitan Transportation Authority for subsurface transportation infrastructure and commercial use. Under the provisions of the bill, the State of Texas would not part with any title, color of title or interest which it now owns in the property.Based on information provided by the General Land Office, the Office of the Attorney General, the Facilities Commission, the Department of Transportation, and the State Preservation Board, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources.The bill would take effect immediately if it receives a two-thirds vote in each house, or September 1, 2021. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 302 Office of the Attorney General, 303 Facilities Commission, 304 Comptroller of Public Accounts, 305 General Land Office, 601 Department of Transportation, 809 Preservation Board LBB Staff: b > td > JMc, AAL, DA, AJL, MW, MBO
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 22, 2021
TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1838 by Eckhardt (relating to the grant of a 99-year lease of certain state property and certain easements to the Capital Metropolitan Transportation Authority.), Committee Report 1st House, Substituted
TO: Honorable Robert Nichols, Chair, Senate Committee on Transportation
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1838 by Eckhardt (relating to the grant of a 99-year lease of certain state property and certain easements to the Capital Metropolitan Transportation Authority.), Committee Report 1st House, Substituted
Honorable Robert Nichols, Chair, Senate Committee on Transportation
Honorable Robert Nichols, Chair, Senate Committee on Transportation
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1838 by Eckhardt (relating to the grant of a 99-year lease of certain state property and certain easements to the Capital Metropolitan Transportation Authority.), Committee Report 1st House, Substituted
SB1838 by Eckhardt (relating to the grant of a 99-year lease of certain state property and certain easements to the Capital Metropolitan Transportation Authority.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 34 of the General Laws, Acts of the 33rd Legislature, Regular Session, 1913, to reset the lease term between the State of Texas (lessor) and the City of Austin (lessee) on the plot or square of land described in Section 1 of the Act for 99 years from the effective date of the bill. The bill would also grant for a period of 99 years subsurface use rights of the property extending to the centerlines of the bordering streets as described in Section 1 of the Act to the Capital Metropolitan Transportation Authority for subsurface transportation infrastructure and commercial use. Under the provisions of the bill, the State of Texas would not part with any title, color of title or interest which it now owns in the property.Based on information provided by the General Land Office, the Office of the Attorney General, the Facilities Commission, the Department of Transportation, and the State Preservation Board, it is assumed that duties and responsibilities associated with implementing the provisions of the bill could be accomplished utilizing existing resources.The bill would take effect immediately if it receives a two-thirds vote in each house, or September 1, 2021.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 302 Office of the Attorney General, 303 Facilities Commission, 304 Comptroller of Public Accounts, 305 General Land Office, 601 Department of Transportation, 809 Preservation Board
302 Office of the Attorney General, 303 Facilities Commission, 304 Comptroller of Public Accounts, 305 General Land Office, 601 Department of Transportation, 809 Preservation Board
LBB Staff: b > td > JMc, AAL, DA, AJL, MW, MBO
JMc, AAL, DA, AJL, MW, MBO