LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 12, 1995



 TO:     Honorable Ken Armbrister, Chair        IN RE:  Senate Joint
         Committee on State Affairs             Resolution
         Senate                                                No. 25
         Austin, Texas                                  By: Patterson









FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Joint
Resolution No. 25 (Proposing a constitutional amendment
authorizing a voluntary, consensual encumbrance on homestead
property for the purpose of an equity loan.) this office has
determined the following:

No significant fiscal implication to the State or units of local
government is anticipated, other than the cost of publication.

The cost to the state for publication of the resolution is
$90,000.
    

    







Source:   LBB Staff: JK, BR, DF