LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  March 7, 1997
         
         
      TO: Honorable Senfronia Thompson, Chair            IN RE:  House Bill No. 411, Committee Report 1st House, as amended
          Committee on Judicial Affairs                              By: Thompson
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB411 ( Relating 
to the adoption of the Uniform Transfer On Death Security Registration 
Act.) this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB411-Committee Report 1st House, as amended
         
No significant fiscal implication to the State is anticipated.
         

         
 
The bill would amend Chapter XI of the Texas Probate Code by 
adding Part 4, relating to the adoption of a Uniform Transfer 
on Death Security Registration Act.  The bill would clarify 
who is entitled to obtain registration in beneficiary form. 
 The "transfer on death" designation would only be effective 
after the date of death of the owner.  The bill would become 
effective September 1, 1997.

          
No significant fiscal implication to units of local government 
is anticipated.
          
   Source:            Agencies:   
                                         
                      LBB Staff:   JK ,PE