LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  April 2, 1997
         
         
      TO: Honorable David Sibley, Chair            IN RE:  House Bill No. 1266, As Engrossed
          Committee on Economic Development                              By: Oliveira/et al.
          Senate
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB1266 ( Relating 
to loans the proceeds of which are used to purchase interests 
in trusts or other entities that have as their principal asset 
real property located outside the United States of America.) 
this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB1266-As Engrossed
         
No fiscal implication to the State is anticipated.
         

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