LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION April 11, 2021 TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB721 by Schwertner (Relating to the disclosure of appraisal reports in connection with the use of eminent domain authority.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend Property Code 21.0111 to require an entity seeking to acquire real property through the use of eminent domain to disclose to the property owner any and all appraisal records relating to the property and used in determining the entity's opinion of value, no later than the third business day before the date of a special commissioner's hearing if an appraisal is to be used at the hearing.Based on the information provided by the Texas Department of Transportation and the Office of the Attorney General, it is assumed the provisions of bill would not result in a significant operational or fiscal impact to the State. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 302 Office of the Attorney General, 601 Department of Transportation LBB Staff: b > td > JMc, SMAT, TG, AJL, MB
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 87TH LEGISLATIVE REGULAR SESSION
April 11, 2021
TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB721 by Schwertner (Relating to the disclosure of appraisal reports in connection with the use of eminent domain authority.), As Introduced
TO: Honorable Bryan Hughes, Chair, Senate Committee on State Affairs
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB721 by Schwertner (Relating to the disclosure of appraisal reports in connection with the use of eminent domain authority.), As Introduced
Honorable Bryan Hughes, Chair, Senate Committee on State Affairs
Honorable Bryan Hughes, Chair, Senate Committee on State Affairs
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB721 by Schwertner (Relating to the disclosure of appraisal reports in connection with the use of eminent domain authority.), As Introduced
SB721 by Schwertner (Relating to the disclosure of appraisal reports in connection with the use of 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 Property Code 21.0111 to require an entity seeking to acquire real property through the use of eminent domain to disclose to the property owner any and all appraisal records relating to the property and used in determining the entity's opinion of value, no later than the third business day before the date of a special commissioner's hearing if an appraisal is to be used at the hearing.Based on the information provided by the Texas Department of Transportation and the Office of the Attorney General, it is assumed the provisions of bill would not result in a significant operational or fiscal impact to the State.
Based on the information provided by the Texas Department of Transportation and the Office of the Attorney General, it is assumed the provisions of bill would not result in a significant operational or fiscal impact to the State.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 302 Office of the Attorney General, 601 Department of Transportation
302 Office of the Attorney General, 601 Department of Transportation
LBB Staff: b > td > JMc, SMAT, TG, AJL, MB
JMc, SMAT, TG, AJL, MB