LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 75th Regular Session February 22, 1997 TO: Honorable Kenny Marchant, Chair IN RE: House Bill No. 1266 Committee on Financial Institutions By: Oliveira/et al. House 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 Introduced No fiscal implication to the State is anticipated. No fiscal implication to units of local government is anticipated. Source: Agencies: 450 Savings and Loan Department LBB Staff: JK ,TH ,JA