Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                           May 12, 1995

 TO:     Honorable Ken Armbrister, Chair        IN RE: Committee Substitute
         Committee on State Affairs             for
         Senate                                               Senate Bill
         Austin, Texas                          No. 377
                                                        By: Armbrister

FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Bill No.
377 (Relating to state agency loan and loan guarantee programs.)
this office has determined the following:

The bill would require the Comptroller of Public Accounts, in
conjunction with the State Auditor and the Texas Department of
Banking, to audit every state agency loan program and loan
guarantee program to determine each program's status, efficiency,
and other information.

The State Auditors Office would be allowed to bill an affected
agency for reimbursement of audit costs.  The comptroller would
be required to complete the audit no later than August 1, 1996.

No fiscal implication to units of local government is

The fiscal implication to  the State cannot be determined.

Source:   Comptroller of Public Accounts, State Auditor's Office,
Department of Banking
          LBB Staff: JK, BR, DF