LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session March 21, 1995 TO: Honorable Bill Ratliff, Chair IN RE: Senate Bill No. 727 Committee on Education By: Sibley Senate Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 727 (Relating to certain nonprofit corporations that purchase or make student or parent loan notes) this office has determined the following: The bill would amend V.T.C.A., Education Code, Section 52.47 relating to certain nonprofit corporations that purchase or make student or parent loan notes. The bill would expand the investment options of such nonprofit corporations and allow them to exercise the powers granted by the Texas Nonprofit Corporations Act. No fiscal implication to the State or units of local government is anticipated. Source: Higher Education Coordinating Board LBB Staff: JK, MK, WRR