LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 4, 1995



 TO:     Honorable John Smithee, Chair          IN RE:  House Bill No. 3104
         Committee on Insurance                         By: Junell
         House of Representatives
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
3104 (relating to an exemption of certain charitable gift
annuities from regulation under the Insurance Code) this office
has determined the following:




No significant fiscal implication to the State is anticipated.

No fiscal implication to units of local government is
anticipated.


Source:   Department of Insurance
          LBB Staff: JK, RM, RR