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