LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session May 2, 1995 TO: Honorable Kim Brimer, Chair IN RE: House Bill No. 3200 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. 3200 (relating to regulation of investment securities; revising Chapter 8 of the Business & Commerce Code) this office has determined the following: No fiscal implication to the State or units of local government is anticipated. Source: Securities Board LBB Staff: JK, LR, RR