LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 10, 1995



 TO:     Honorable Kenny Marchant, Chair        IN RE:  House Bill No. 2726
         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.
2726 (relating to tax-exempt private activity bonds) this office
has determined the following:

The bill would amend the private activity bond allocation program
by clarifying the reservation process and lowering the maximum
application amounts and number of applications filed for a single
site.


No significant fiscal implication to the State is anticipated.

No fiscal implication to units of local government is
anticipated.


Source:   Department of Housing and Community Affairs, Bond
Review Board
          LBB Staff: JK, LP, RR