LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 20, 1995



 TO:     Honorable Kim Brimer, Chair            IN RE:  House Bill No. 3162
         Committee on Business & Industry               By: Brady
         House of Representatives
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
3162 (relating to the electronic filing of financing statements
and related documents) this office has determined the following:




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


Source:   Secretary of State
          LBB Staff: JK, JC, RR