LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 13, 1995



 TO:     Honorable Kim Brimer, Chair            IN RE: Committee Substitute
         Committee on Business & Industry                     forHouse Bill
         House of Representatives               No. 2396
         Austin, Texas









FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
2396 (relating to the Texas Real Estate Investment Trust Act.)
this office has determined the following:


No fiscal implication to the State or units of local government
is anticipated.
    

    







Source:   LBB Staff: JK, SM, RR