LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session March 6, 1997 TO: Honorable Kenny Marchant, Chair IN RE: House Bill No. 1077, Committee Report 1st House, Substituted Committee on Financial Institutions By: Telford House Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on HB1077 ( Relating to the powers and duties of and the continuation of the Texas Public Finance Authority.) this office has detemined the following: Biennial Net Impact to General Revenue Funds by HB1077-Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. Savings to the state could result from the consolidation of bond issuance due to the potential for lower borrowing and administrative costs. Cost of bond issuance savings to the state could vary each fiscal year according to the volume and size of bond issues processed by the Texas Public Finance Authority. No fiscal implication to units of local government is anticipated. Source: Agencies: LBB Staff: JK ,TH ,ML