LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  February 23, 1997
         
         
      TO: Honorable David Counts, Chair            IN RE:  House Bill No. 1154
          Committee on Natural Resources                              By: Hightower
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB1154 ( Relating 
to the purchase by the Texas Water Development Board of certain 
bonds or other obligations issued by a political subdivision.) 
this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB1154-As Introduced
         

No fiscal implication to the State is anticipated.
         

         
 
          
The bill would require a political subdivision to hold an open 
meeting for approval of a financial assistance application to 
the Water Development Board before the Board could purchase 
bonds or other obligations of the political subdivision.  The 
bill would have the potential to increase administrative costs 
for a political subdivision if the political subdivision does 
not already hold public meetings.  The local impact is negligible, 
however, because most political subdivisions hold meetings in 
one form or another.
          
   Source:            Agencies:   580   Water Development Board
                                         
                      LBB Staff:   JK ,BB ,DM