LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session March 21, 1995 TO: Honorable John Smithee, Chair IN RE: House Bill No. 347 Committee on Insurance By: Hunter, Todd House of Representatives Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on House Bill No. 347 (relating to insurance coverage for certain real property foundations) this office has determined the following: The bill would repeal Insurance Code provisions allowing exclusions of insurance coverage for certain real property foundations and would prohibit exclusions for such coverage. No fiscal implication to the State or units of local government is anticipated. Source: Department of Insurance LBB Staff: JK, RM, RR