Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                           May 19, 1995

 TO:     Honorable Kenny Marchant, Chair        IN RE: Committee Substitute
         Committee on Financial Institutions                  for Senate
         House of Representatives               Bill No. 1260
         Austin, Texas                                  By: Montford

FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Bill No.
1260 (relating to the use of the general obligation bonding
authority of the farm and ranch finance program fund for the
Texas agricultural fund within the Texas Agricultural Finance
Authority.) this office has determined the following:

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


Source:   LBB Staff: JK, SM, DF