LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 28, 1995



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










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.
    

    







Source:   LBB Staff: JK, DF