LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 19, 1995 TO: Honorable David Sibley, Chair IN RE: Senate Bill No. 553 Committee on Economic Development By: Nelson Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 553 (relating to a discount on motor vehicle insurance premiums for certain students based on academic achievement) this office has determined the following: The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. The bill would amend the Insurance Code to allow an insurer to give a discount on a motor vehicle insurance policy to an insured or covered family member who is an honor student. The bill would also require the Insurance Commissioner to prescribe an application form and to set the amount of the discounts. 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