LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 18, 1995



 TO:     Honorable Senator Rodney Ellis, Chair  IN RE:  Senate Bill No. 631
         Committee on Intergovernmental                 By: Ellis
         Relations
         Senate
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Bill No.
631 (relating to the duties of housing finance corporations) 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.


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


Source:   Department of Housing and Community Affairs
          LBB Staff: JK, PVT, RR