LEGISLATIVE BUDGET BOARD 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 anticipated. 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