LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 6, 1995



 TO:     Honorable Kenny Marchant, Chair        IN RE:  House Bill No. 1013
         Committee on Financial Institutions            By: Romo
         House of Representatives
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
1013 (relating to the issuance of obligations by the Texas Public
Finance Authority) this office has determined the following:

The bill would authorize the Texas Public Finance Authority
(TPFA) to issue bonds on behalf of all institutions of higher
education authorized to issue bonds under Section 17, Article
VII, Texas Constitution, excluding components of the University
of Texas System and the Texas A&M University System.  The bill
would authorize TPFA to issue bonds on behalf of the Higher
Education Coordinating Board, the Texas Agricultural Finance
Authority and the Texas Department of Commerce.  The bill would
also require that TPFA make a good faith effort to include women-
owned and minority-owned businesses in at least 20 percent of the
total dollar value of bond obligations issued each fiscal year.  

It is anticipated that TPFA would incur costs of approximately
$90,000 per year.  These costs would be funded from amounts set
aside from bond proceeds.


No fiscal implication to units of local government is
anticipated.


Source:   Comptroller of Public Accounts, Bond Review Board,
Texas Public Finance Authority
          LBB Staff: JK, LP, RR