Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 20, 1995

 TO:     Honorable Senator John T. Montford,    IN RE:  Senate Bill No.
         Chair                                  1260,
         Committee on Finance                                  as amended
         Senate                                         By: Montford
         Austin, Texas

FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Bill No.
1260 (Relating to the consolidation of the general obligation
bonding authority for the farm and ranch finance program fund
with the general obligation bonding authority for the Texas
agricultural fund and the rural microenterprise development 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, RS, DF